This property looks like a bad Mid-Term investment with a projected -16.59% first-year return on $186k initial cash invested.
-16.59%
Cash On Cash
2.67%
Cap Rate
0.42
DSCR
$3,478
Rent
-$2,569
Cashflow
Cash Flow
$3,478 income − $6,047 expenses = $2,569 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
$3,478
Total Expenses
$6,047
Mortgage P&I
121%
$4,205
Property Taxes
8%
$295
Home Insurance
8%
$280
HOA
2%
$85
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383