This property looks like a bad Mid-Term investment with a projected -6.47% first-year return on $184k initial cash invested.
-6.47%
Cash On Cash
4.85%
Cap Rate
0.81
DSCR
$5,976
Rent
-$990
Cashflow
Cash Flow
$5,976 income − $6,966 expenses = $990 out of pocket
Investment Breakdown
|
Purchase Price
$789k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,887
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,976
Total Expenses
$6,966
Mortgage P&I
66%
$3,936
Property Taxes
12%
$719
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$717
CapEx
4%
$239
Vacancy
3%
$179
Maintenance
4%
$239
Other
11%
$657