This property looks like a bad Mid-Term investment with a projected -16.77% first-year return on $186k initial cash invested.
-16.77%
Cash On Cash
2.81%
Cap Rate
0.43
DSCR
$3,411
Rent
-$2,597
Cashflow
Cash Flow
$3,411 income − $6,008 expenses = $2,597 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,411
Total Expenses
$6,008
Mortgage P&I
127%
$4,333
Property Taxes
7%
$237
Home Insurance
8%
$280
HOA
0%
$0
Property Management
12%
$409
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$375