This property looks like a bad Mid-Term investment with a projected -12.66% first-year return on $186k initial cash invested.
-12.66%
Cash On Cash
3.85%
Cap Rate
0.59
DSCR
$5,156
Rent
-$1,961
Cashflow
Cash Flow
$5,156 income − $7,117 expenses = $1,961 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,994
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,156
Total Expenses
$7,117
Mortgage P&I
84%
$4,318
Property Taxes
15%
$766
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$619
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$567