This property looks like a bad Mid-Term investment with a projected -7.07% first-year return on $186k initial cash invested.
-7.07%
Cash On Cash
4.82%
Cap Rate
0.79
DSCR
$5,856
Rent
-$1,095
Cashflow
Cash Flow
$5,856 income − $6,951 expenses = $1,095 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.6%
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
$5,856
Total Expenses
$6,951
Mortgage P&I
70%
$4,070
Property Taxes
10%
$610
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$703
CapEx
4%
$234
Vacancy
3%
$176
Maintenance
4%
$234
Other
11%
$644