This property looks like a bad Mid-Term investment with a projected -8.36% first-year return on $186k initial cash invested.
-8.36%
Cash On Cash
4.49%
Cap Rate
0.74
DSCR
$5,625
Rent
-$1,295
Cashflow
Cash Flow
$5,625 income − $6,920 expenses = $1,295 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.5%
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
$5,625
Total Expenses
$6,920
Mortgage P&I
72%
$4,063
Property Taxes
12%
$662
Home Insurance
5%
$282
HOA
0%
$0
Property Management
12%
$675
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$619