This property looks like a bad Mid-Term investment with a projected -17.67% first-year return on $186k initial cash invested.
-17.67%
Cash On Cash
2.83%
Cap Rate
0.42
DSCR
$3,195
Rent
-$2,736
Cashflow
Cash Flow
$3,195 income − $5,931 expenses = $2,736 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,195
Total Expenses
$5,931
Mortgage P&I
141%
$4,492
Property Taxes
2%
$73
Home Insurance
9%
$280
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351