This property looks like a bad Mid-Term investment with a projected -13.92% first-year return on $188k initial cash invested.
-13.92%
Cash On Cash
3.43%
Cap Rate
0.54
DSCR
$4,503
Rent
-$2,183
Cashflow
Cash Flow
$4,503 income − $6,686 expenses = $2,183 out of pocket
Investment Breakdown
|
Purchase Price
$811k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,106
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,503
Total Expenses
$6,686
Mortgage P&I
96%
$4,318
Property Taxes
13%
$584
Home Insurance
6%
$254
HOA
0%
$0
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495