This property looks like a bad Mid-Term investment with a projected -12.8% first-year return on $188k initial cash invested.
-12.8%
Cash On Cash
3.86%
Cap Rate
0.59
DSCR
$5,278
Rent
-$2,011
Cashflow
Cash Flow
$5,278 income − $7,289 expenses = $2,011 out of pocket
Investment Breakdown
|
Purchase Price
$812k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,118
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,278
Total Expenses
$7,289
Mortgage P&I
84%
$4,408
Property Taxes
15%
$800
Home Insurance
5%
$287
HOA
0%
$0
Property Management
12%
$633
CapEx
4%
$211
Vacancy
3%
$158
Maintenance
4%
$211
Other
11%
$581