This property looks like a bad Mid-Term investment with a projected -19.58% first-year return on $187k initial cash invested.
-19.58%
Cash On Cash
2.21%
Cap Rate
0.34
DSCR
$3,396
Rent
-$3,058
Cashflow
Cash Flow
$3,396 income − $6,454 expenses = $3,058 out of pocket
Investment Breakdown
|
Purchase Price
$807k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,067
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,396
Total Expenses
$6,454
Mortgage P&I
130%
$4,406
Property Taxes
18%
$596
Home Insurance
9%
$296
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374