This property looks like a bad Mid-Term investment with a projected -5.09% first-year return on $187k initial cash invested.
-5.09%
Cash On Cash
5.28%
Cap Rate
0.87
DSCR
$6,202
Rent
-$795
Cashflow
Cash Flow
$6,202 income − $6,997 expenses = $795 out of pocket
Investment Breakdown
|
Purchase Price
$807k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,070
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,202
Total Expenses
$6,997
Mortgage P&I
66%
$4,096
Property Taxes
8%
$504
Home Insurance
5%
$289
HOA
0%
$0
Property Management
12%
$744
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$682