This property looks like a bad Mid-Term investment with a projected -3.77% first-year return on $188k initial cash invested.
-3.77%
Cash On Cash
5.57%
Cap Rate
0.92
DSCR
$6,594
Rent
-$591
Cashflow
Cash Flow
$6,594 income − $7,185 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$811k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,110
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,594
Total Expenses
$7,185
Mortgage P&I
62%
$4,090
Property Taxes
9%
$573
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$791
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$725