This property looks like a bad Mid-Term investment with a projected -9.01% first-year return on $186k initial cash invested.
-9.01%
Cash On Cash
4.86%
Cap Rate
0.74
DSCR
$6,032
Rent
-$1,395
Cashflow
Cash Flow
$6,032 income − $7,427 expenses = $1,395 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,032
Total Expenses
$7,427
Mortgage P&I
73%
$4,390
Property Taxes
12%
$706
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$724
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$664