This property looks like a bad Mid-Term investment with a projected -8.98% first-year return on $188k initial cash invested.
-8.98%
Cash On Cash
4.59%
Cap Rate
0.72
DSCR
$5,330
Rent
-$1,409
Cashflow
Cash Flow
$5,330 income − $6,739 expenses = $1,409 out of pocket
Investment Breakdown
|
Purchase Price
$811k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,107
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,330
Total Expenses
$6,739
Mortgage P&I
81%
$4,297
Property Taxes
6%
$317
Home Insurance
6%
$313
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$586