This property looks like a bad Mid-Term investment with a projected -17.83% first-year return on $187k initial cash invested.
-17.83%
Cash On Cash
2.19%
Cap Rate
0.36
DSCR
$3,072
Rent
-$2,776
Cashflow
Cash Flow
$3,072 income − $5,848 expenses = $2,776 out of pocket
Investment Breakdown
|
Purchase Price
$804k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,041
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,072
Total Expenses
$5,848
Mortgage P&I
134%
$4,119
Property Taxes
13%
$394
Home Insurance
9%
$290
HOA
0%
$0
Property Management
12%
$369
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$338