This property looks like a bad Mid-Term investment with a projected -7.66% first-year return on $188k initial cash invested.
-7.66%
Cash On Cash
4.88%
Cap Rate
0.77
DSCR
$6,002
Rent
-$1,198
Cashflow
Cash Flow
$6,002 income − $7,200 expenses = $1,198 out of pocket
Investment Breakdown
|
Purchase Price
$808k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,079
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,002
Total Expenses
$7,200
Mortgage P&I
71%
$4,242
Property Taxes
10%
$628
Home Insurance
5%
$290
HOA
0%
$0
Property Management
12%
$720
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$660