This property looks like a bad Mid-Term investment with a projected -8.98% first-year return on $187k initial cash invested.
-8.98%
Cash On Cash
4.69%
Cap Rate
0.73
DSCR
$6,075
Rent
-$1,398
Cashflow
Cash Flow
$6,075 income − $7,473 expenses = $1,398 out of pocket
Investment Breakdown
|
Purchase Price
$804k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,039
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,075
Total Expenses
$7,473
Mortgage P&I
71%
$4,296
Property Taxes
13%
$818
Home Insurance
5%
$294
HOA
0%
$0
Property Management
12%
$729
CapEx
4%
$243
Vacancy
3%
$182
Maintenance
4%
$243
Other
11%
$668