This property looks like a bad Mid-Term investment with a projected -9.77% first-year return on $187k initial cash invested.
-9.77%
Cash On Cash
4.43%
Cap Rate
0.7
DSCR
$6,250
Rent
-$1,520
Cashflow
Cash Flow
$6,250 income − $7,770 expenses = $1,520 out of pocket
Investment Breakdown
|
Purchase Price
$804k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,036
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,250
Total Expenses
$7,770
Mortgage P&I
68%
$4,234
Property Taxes
9%
$534
Home Insurance
5%
$341
HOA
9%
$535
Property Management
12%
$750
CapEx
4%
$250
Vacancy
3%
$188
Maintenance
4%
$250
Other
11%
$688