This property looks like a bad Mid-Term investment with a projected -9.59% first-year return on $186k initial cash invested.
-9.59%
Cash On Cash
4.19%
Cap Rate
0.69
DSCR
$5,380
Rent
-$1,484
Cashflow
Cash Flow
$5,380 income − $6,864 expenses = $1,484 out of pocket
Investment Breakdown
|
Purchase Price
$798k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,982
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,380
Total Expenses
$6,864
Mortgage P&I
75%
$4,057
Property Taxes
13%
$700
Home Insurance
5%
$278
HOA
0%
$0
Property Management
12%
$646
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$592