This property looks like a bad Mid-Term investment with a projected -4.59% first-year return on $184k initial cash invested.
-4.59%
Cash On Cash
5.69%
Cap Rate
0.9
DSCR
$6,639
Rent
-$704
Cashflow
Cash Flow
$6,639 income − $7,343 expenses = $704 out of pocket
Investment Breakdown
|
Purchase Price
$790k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,899
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,639
Total Expenses
$7,343
Mortgage P&I
63%
$4,186
Property Taxes
9%
$619
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$797
CapEx
4%
$266
Vacancy
3%
$199
Maintenance
4%
$266
Other
11%
$730