This property looks like a bad Mid-Term investment with a projected -5.02% first-year return on $186k initial cash invested.
-5.02%
Cash On Cash
5.85%
Cap Rate
0.88
DSCR
$6,765
Rent
-$777
Cashflow
Cash Flow
$6,765 income − $7,542 expenses = $777 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.3%
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
$6,765
Total Expenses
$7,542
Mortgage P&I
65%
$4,399
Property Taxes
8%
$562
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$812
CapEx
4%
$271
Vacancy
3%
$203
Maintenance
4%
$271
Other
11%
$744