This property looks like a bad Mid-Term investment with a projected -8.56% first-year return on $186k initial cash invested.
-8.56%
Cash On Cash
4.77%
Cap Rate
0.74
DSCR
$5,571
Rent
-$1,324
Cashflow
Cash Flow
$5,571 income − $6,895 expenses = $1,324 out of pocket
Investment Breakdown
|
Purchase Price
$798k
Downpayment
20.0%
Interest Rate
7.1%
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
$5,571
Total Expenses
$6,895
Mortgage P&I
77%
$4,276
Property Taxes
4%
$195
Home Insurance
5%
$279
HOA
4%
$250
Property Management
12%
$669
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$613