This property looks like a bad Mid-Term investment with a projected -12.02% first-year return on $188k initial cash invested.
-12.02%
Cash On Cash
3.51%
Cap Rate
0.58
DSCR
$4,470
Rent
-$1,882
Cashflow
Cash Flow
$4,470 income − $6,352 expenses = $1,882 out of pocket
Investment Breakdown
|
Purchase Price
$809k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,089
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,470
Total Expenses
$6,352
Mortgage P&I
91%
$4,068
Property Taxes
5%
$232
Home Insurance
7%
$298
HOA
5%
$234
Property Management
12%
$536
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$492