This property looks like a bad Mid-Term investment with a projected -12.17% first-year return on $187k initial cash invested.
-12.17%
Cash On Cash
3.52%
Cap Rate
0.58
DSCR
$4,390
Rent
-$1,896
Cashflow
Cash Flow
$4,390 income − $6,286 expenses = $1,896 out of pocket
Investment Breakdown
|
Purchase Price
$805k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,045
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,390
Total Expenses
$6,286
Mortgage P&I
93%
$4,079
Property Taxes
9%
$415
Home Insurance
7%
$298
HOA
0%
$0
Property Management
12%
$527
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$483