This property looks like a bad Mid-Term investment with a projected -11.53% first-year return on $186k initial cash invested.
-11.53%
Cash On Cash
4.24%
Cap Rate
0.64
DSCR
$5,487
Rent
-$1,789
Cashflow
Cash Flow
$5,487 income − $7,276 expenses = $1,789 out of pocket
Investment Breakdown
|
Purchase Price
$801k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$8,009
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,487
Total Expenses
$7,276
Mortgage P&I
80%
$4,401
Property Taxes
13%
$704
Home Insurance
6%
$306
HOA
0%
$0
Property Management
12%
$658
CapEx
4%
$219
Vacancy
3%
$165
Maintenance
4%
$219
Other
11%
$604