This property looks like a bad Mid-Term investment with a projected -9.13% first-year return on $188k initial cash invested.
-9.13%
Cash On Cash
4.63%
Cap Rate
0.72
DSCR
$5,409
Rent
-$1,428
Cashflow
Cash Flow
$5,409 income − $6,837 expenses = $1,428 out of pocket
Investment Breakdown
|
Purchase Price
$809k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,085
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,409
Total Expenses
$6,837
Mortgage P&I
80%
$4,329
Property Taxes
6%
$320
Home Insurance
6%
$350
HOA
0%
$0
Property Management
12%
$649
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$595