This property looks like a bad Mid-Term investment with a projected -12.29% first-year return on $188k initial cash invested.
-12.29%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$6,176
Rent
-$1,928
Cashflow
Cash Flow
$6,176 income − $8,104 expenses = $1,928 out of pocket
Investment Breakdown
|
Purchase Price
$811k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,109
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,176
Total Expenses
$8,104
Mortgage P&I
70%
$4,344
Property Taxes
22%
$1,381
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$741
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$679