This property looks like a bad Mid-Term investment with a projected -14.11% first-year return on $188k initial cash invested.
-14.11%
Cash On Cash
3.09%
Cap Rate
0.5
DSCR
$3,393
Rent
-$2,211
Cashflow
Cash Flow
$3,393 income − $5,604 expenses = $2,211 out of pocket
Investment Breakdown
|
Purchase Price
$810k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,100
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,393
Total Expenses
$5,604
Mortgage P&I
123%
$4,158
Property Taxes
0%
$8
Home Insurance
8%
$284
HOA
0%
$0
Property Management
12%
$407
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$373