This property looks like a bad Mid-Term investment with a projected -10.9% first-year return on $187k initial cash invested.
-10.9%
Cash On Cash
4.2%
Cap Rate
0.65
DSCR
$5,168
Rent
-$1,698
Cashflow
Cash Flow
$5,168 income − $6,866 expenses = $1,698 out of pocket
Investment Breakdown
|
Purchase Price
$804k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,041
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,168
Total Expenses
$6,866
Mortgage P&I
83%
$4,304
Property Taxes
10%
$525
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$620
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$568