This property looks like a bad Mid-Term investment with a projected -1.53% first-year return on $186k initial cash invested.
-1.53%
Cash On Cash
6.2%
Cap Rate
1.02
DSCR
$7,700
Rent
-$237
Cashflow
Cash Flow
$7,700 income − $7,937 expenses = $237 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%
$7,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,700
Total Expenses
$7,937
Mortgage P&I
53%
$4,054
Property Taxes
13%
$985
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$924
CapEx
4%
$308
Vacancy
3%
$231
Maintenance
4%
$308
Other
11%
$847