This property looks like a bad Mid-Term investment with a projected -16.01% first-year return on $186k initial cash invested.
-16.01%
Cash On Cash
2.57%
Cap Rate
0.42
DSCR
$3,790
Rent
-$2,478
Cashflow
Cash Flow
$3,790 income − $6,268 expenses = $2,478 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,790
Total Expenses
$6,268
Mortgage P&I
106%
$4,036
Property Taxes
17%
$662
Home Insurance
7%
$280
HOA
0%
$0
Property Management
12%
$455
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$417