This property looks like a bad Mid-Term investment with a projected -10.5% first-year return on $187k initial cash invested.
-10.5%
Cash On Cash
4.18%
Cap Rate
0.66
DSCR
$4,910
Rent
-$1,632
Cashflow
Cash Flow
$4,910 income − $6,542 expenses = $1,632 out of pocket
Investment Breakdown
|
Purchase Price
$802k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$160k
Closing costs
1%
$8,024
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,910
Total Expenses
$6,542
Mortgage P&I
86%
$4,233
Property Taxes
8%
$379
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540