This property looks like a bad Mid-Term investment with a projected -7.01% first-year return on $188k initial cash invested.
-7.01%
Cash On Cash
5.17%
Cap Rate
0.8
DSCR
$5,720
Rent
-$1,097
Cashflow
Cash Flow
$5,720 income − $6,817 expenses = $1,097 out of pocket
Investment Breakdown
|
Purchase Price
$809k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,090
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,720
Total Expenses
$6,817
Mortgage P&I
76%
$4,356
Property Taxes
4%
$254
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$686
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$629