This property looks like a bad Mid-Term investment with a projected -5.68% first-year return on $187k initial cash invested.
-5.68%
Cash On Cash
5.04%
Cap Rate
0.84
DSCR
$6,166
Rent
-$885
Cashflow
Cash Flow
$6,166 income − $7,051 expenses = $885 out of pocket
Investment Breakdown
|
Purchase Price
$804k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,040
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,166
Total Expenses
$7,051
Mortgage P&I
65%
$4,012
Property Taxes
11%
$654
Home Insurance
5%
$288
HOA
0%
$0
Property Management
12%
$740
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$678