This property looks like a bad Mid-Term investment with a projected -10.46% first-year return on $186k initial cash invested.
-10.46%
Cash On Cash
4.39%
Cap Rate
0.69
DSCR
$6,938
Rent
-$1,620
Cashflow
Cash Flow
$6,938 income − $8,558 expenses = $1,620 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.0%
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
$6,938
Total Expenses
$8,558
Mortgage P&I
61%
$4,263
Property Taxes
20%
$1,412
Home Insurance
4%
$280
HOA
4%
$243
Property Management
12%
$833
CapEx
4%
$278
Vacancy
3%
$208
Maintenance
4%
$278
Other
11%
$763