This property looks like a bad Mid-Term investment with a projected -11.78% first-year return on $187k initial cash invested.
-11.78%
Cash On Cash
4.17%
Cap Rate
0.63
DSCR
$4,944
Rent
-$1,836
Cashflow
Cash Flow
$4,944 income − $6,780 expenses = $1,836 out of pocket
Investment Breakdown
|
Purchase Price
$805k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,048
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,944
Total Expenses
$6,780
Mortgage P&I
90%
$4,436
Property Taxes
8%
$381
Home Insurance
6%
$282
HOA
0%
$0
Property Management
12%
$593
CapEx
4%
$198
Vacancy
3%
$148
Maintenance
4%
$198
Other
11%
$544