This property looks like a bad Mid-Term investment with a projected -15.68% first-year return on $186k initial cash invested.
-15.68%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$3,844
Rent
-$2,428
Cashflow
Cash Flow
$3,844 income − $6,272 expenses = $2,428 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,844
Total Expenses
$6,272
Mortgage P&I
112%
$4,301
Property Taxes
10%
$384
Home Insurance
7%
$280
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$423