This property looks like a bad Mid-Term investment with a projected -12.68% first-year return on $188k initial cash invested.
-12.68%
Cash On Cash
3.85%
Cap Rate
0.59
DSCR
$5,211
Rent
-$1,989
Cashflow
Cash Flow
$5,211 income − $7,200 expenses = $1,989 out of pocket
Investment Breakdown
|
Purchase Price
$811k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,107
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,211
Total Expenses
$7,200
Mortgage P&I
84%
$4,385
Property Taxes
15%
$756
Home Insurance
6%
$289
HOA
0%
$0
Property Management
12%
$625
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$573