This property looks like a bad Mid-Term investment with a projected -2.16% first-year return on $187k initial cash invested.
-2.16%
Cash On Cash
6.38%
Cap Rate
0.99
DSCR
$7,298
Rent
-$336
Cashflow
Cash Flow
$7,298 income − $7,634 expenses = $336 out of pocket
Investment Breakdown
|
Purchase Price
$804k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,035
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,298
Total Expenses
$7,634
Mortgage P&I
59%
$4,319
Property Taxes
7%
$535
Home Insurance
4%
$298
HOA
0%
$0
Property Management
12%
$876
CapEx
4%
$292
Vacancy
3%
$219
Maintenance
4%
$292
Other
11%
$803