This property looks like a bad Mid-Term investment with a projected -7.14% first-year return on $185k initial cash invested.
-7.14%
Cash On Cash
5.24%
Cap Rate
0.8
DSCR
$5,973
Rent
-$1,101
Cashflow
Cash Flow
$5,973 income − $7,074 expenses = $1,101 out of pocket
Investment Breakdown
|
Purchase Price
$795k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,973
Total Expenses
$7,074
Mortgage P&I
73%
$4,334
Property Taxes
7%
$431
Home Insurance
5%
$278
HOA
0%
$0
Property Management
12%
$717
CapEx
4%
$239
Vacancy
3%
$179
Maintenance
4%
$239
Other
11%
$657