This property looks like a bad Mid-Term investment with a projected -12.22% first-year return on $188k initial cash invested.
-12.22%
Cash On Cash
3.86%
Cap Rate
0.6
DSCR
$4,518
Rent
-$1,911
Cashflow
Cash Flow
$4,518 income − $6,429 expenses = $1,911 out of pocket
Investment Breakdown
|
Purchase Price
$808k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,079
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,518
Total Expenses
$6,429
Mortgage P&I
96%
$4,332
Property Taxes
6%
$256
Home Insurance
7%
$297
HOA
0%
$7
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$497