This property looks like a bad Mid-Term investment with a projected -16.47% first-year return on $186k initial cash invested.
-16.47%
Cash On Cash
2.92%
Cap Rate
0.45
DSCR
$3,468
Rent
-$2,550
Cashflow
Cash Flow
$3,468 income − $6,018 expenses = $2,550 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,468
Total Expenses
$6,018
Mortgage P&I
126%
$4,355
Property Taxes
6%
$204
Home Insurance
8%
$280
HOA
0%
$0
Property Management
12%
$416
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$381