This property looks like a bad Mid-Term investment with a projected -10.02% first-year return on $185k initial cash invested.
-10.02%
Cash On Cash
4.6%
Cap Rate
0.71
DSCR
$6,802
Rent
-$1,543
Cashflow
Cash Flow
$6,802 income − $8,345 expenses = $1,543 out of pocket
Investment Breakdown
|
Purchase Price
$794k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,944
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,802
Total Expenses
$8,345
Mortgage P&I
63%
$4,316
Property Taxes
19%
$1,326
Home Insurance
4%
$289
HOA
2%
$102
Property Management
12%
$816
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$748