This property looks like a bad Mid-Term investment with a projected -12.75% first-year return on $186k initial cash invested.
-12.75%
Cash On Cash
4.01%
Cap Rate
0.6
DSCR
$4,814
Rent
-$1,974
Cashflow
Cash Flow
$4,814 income − $6,788 expenses = $1,974 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,991
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,814
Total Expenses
$6,788
Mortgage P&I
92%
$4,452
Property Taxes
8%
$404
Home Insurance
6%
$294
HOA
0%
$0
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$144
Maintenance
4%
$193
Other
11%
$530