This property looks like a bad Mid-Term investment with a projected -16.25% first-year return on $188k initial cash invested.
-16.25%
Cash On Cash
2.8%
Cap Rate
0.44
DSCR
$4,226
Rent
-$2,544
Cashflow
Cash Flow
$4,226 income − $6,770 expenses = $2,544 out of pocket
Investment Breakdown
|
Purchase Price
$809k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,090
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,226
Total Expenses
$6,770
Mortgage P&I
101%
$4,265
Property Taxes
18%
$760
Home Insurance
7%
$308
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465