This property looks like a bad Mid-Term investment with a projected -6.43% first-year return on $184k initial cash invested.
-6.43%
Cash On Cash
4.95%
Cap Rate
0.81
DSCR
$5,876
Rent
-$989
Cashflow
Cash Flow
$5,876 income − $6,865 expenses = $989 out of pocket
Investment Breakdown
|
Purchase Price
$793k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$159k
Closing costs
1%
$7,926
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,876
Total Expenses
$6,865
Mortgage P&I
68%
$4,023
Property Taxes
10%
$568
Home Insurance
5%
$277
HOA
0%
$0
Property Management
12%
$705
CapEx
4%
$235
Vacancy
3%
$176
Maintenance
4%
$235
Other
11%
$646