This property looks like a bad Mid-Term investment with a projected -9.77% first-year return on $186k initial cash invested.
-9.77%
Cash On Cash
4.69%
Cap Rate
0.71
DSCR
$5,799
Rent
-$1,512
Cashflow
Cash Flow
$5,799 income − $7,311 expenses = $1,512 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,799
Total Expenses
$7,311
Mortgage P&I
76%
$4,404
Property Taxes
11%
$655
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$696
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$638