This property looks like a bad Mid-Term investment with a projected -5.38% first-year return on $186k initial cash invested.
-5.38%
Cash On Cash
5.28%
Cap Rate
0.86
DSCR
$6,080
Rent
-$836
Cashflow
Cash Flow
$6,080 income − $6,916 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$802k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$8,015
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,080
Total Expenses
$6,916
Mortgage P&I
68%
$4,118
Property Taxes
7%
$441
Home Insurance
5%
$290
HOA
0%
$0
Property Management
12%
$730
CapEx
4%
$243
Vacancy
3%
$182
Maintenance
4%
$243
Other
11%
$669