This property looks like a bad Mid-Term investment with a projected -5.91% first-year return on $188k initial cash invested.
-5.91%
Cash On Cash
5.53%
Cap Rate
0.86
DSCR
$7,341
Rent
-$924
Cashflow
Cash Flow
$7,341 income − $8,265 expenses = $924 out of pocket
Investment Breakdown
|
Purchase Price
$808k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,080
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,341
Total Expenses
$8,265
Mortgage P&I
59%
$4,354
Property Taxes
11%
$786
Home Insurance
4%
$280
HOA
5%
$348
Property Management
12%
$881
CapEx
4%
$294
Vacancy
3%
$220
Maintenance
4%
$294
Other
11%
$808