This property looks like a bad Mid-Term investment with a projected -11.62% first-year return on $186k initial cash invested.
-11.62%
Cash On Cash
4.12%
Cap Rate
0.63
DSCR
$4,634
Rent
-$1,797
Cashflow
Cash Flow
$4,634 income − $6,431 expenses = $1,797 out of pocket
Investment Breakdown
|
Purchase Price
$798k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,980
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,634
Total Expenses
$6,431
Mortgage P&I
94%
$4,349
Property Taxes
4%
$186
Home Insurance
6%
$279
HOA
1%
$42
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$510