This property looks like a bad Mid-Term investment with a projected -17.11% first-year return on $187k initial cash invested.
-17.11%
Cash On Cash
2.32%
Cap Rate
0.38
DSCR
$3,670
Rent
-$2,674
Cashflow
Cash Flow
$3,670 income − $6,344 expenses = $2,674 out of pocket
Investment Breakdown
|
Purchase Price
$807k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,071
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,670
Total Expenses
$6,344
Mortgage P&I
111%
$4,088
Property Taxes
19%
$710
Home Insurance
8%
$298
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404