This property looks like a bad Mid-Term investment with a projected -14.45% first-year return on $186k initial cash invested.
-14.45%
Cash On Cash
3.18%
Cap Rate
0.5
DSCR
$3,762
Rent
-$2,237
Cashflow
Cash Flow
$3,762 income − $5,999 expenses = $2,237 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,762
Total Expenses
$5,999
Mortgage P&I
112%
$4,207
Property Taxes
6%
$234
Home Insurance
7%
$280
HOA
0%
$0
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$414