This property looks like a bad Mid-Term investment with a projected -16.61% first-year return on $188k initial cash invested.
-16.61%
Cash On Cash
2.85%
Cap Rate
0.44
DSCR
$3,982
Rent
-$2,595
Cashflow
Cash Flow
$3,982 income − $6,577 expenses = $2,595 out of pocket
Investment Breakdown
|
Purchase Price
$807k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$161k
Closing costs
1%
$8,072
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,982
Total Expenses
$6,577
Mortgage P&I
109%
$4,350
Property Taxes
16%
$634
Home Insurance
6%
$240
HOA
0%
$0
Property Management
12%
$478
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$438