This property looks like a bad Mid-Term investment with a projected -12.96% first-year return on $187k initial cash invested.
-12.96%
Cash On Cash
3.93%
Cap Rate
0.59
DSCR
$4,479
Rent
-$2,024
Cashflow
Cash Flow
$4,479 income − $6,503 expenses = $2,024 out of pocket
Investment Breakdown
|
Purchase Price
$807k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,070
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,479
Total Expenses
$6,503
Mortgage P&I
100%
$4,490
Property Taxes
4%
$193
Home Insurance
7%
$298
HOA
0%
$0
Property Management
12%
$537
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$493