This property looks like a bad Mid-Term investment with a projected -13.42% first-year return on $188k initial cash invested.
-13.42%
Cash On Cash
3.78%
Cap Rate
0.58
DSCR
$5,433
Rent
-$2,107
Cashflow
Cash Flow
$5,433 income − $7,540 expenses = $2,107 out of pocket
Investment Breakdown
|
Purchase Price
$812k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,115
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,433
Total Expenses
$7,540
Mortgage P&I
82%
$4,448
Property Taxes
14%
$751
Home Insurance
5%
$289
HOA
4%
$205
Property Management
12%
$652
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$598