This property looks like a bad Mid-Term investment with a projected -17.81% first-year return on $189k initial cash invested.
-17.81%
Cash On Cash
2.62%
Cap Rate
0.4
DSCR
$3,504
Rent
-$2,811
Cashflow
Cash Flow
$3,504 income − $6,315 expenses = $2,811 out of pocket
Investment Breakdown
|
Purchase Price
$816k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$163k
Closing costs
1%
$8,164
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,504
Total Expenses
$6,315
Mortgage P&I
127%
$4,451
Property Taxes
11%
$377
Home Insurance
8%
$297
HOA
0%
$0
Property Management
12%
$420
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$385