This property looks like a bad Mid-Term investment with a projected -8.63% first-year return on $186k initial cash invested.
-8.63%
Cash On Cash
4.36%
Cap Rate
0.72
DSCR
$4,544
Rent
-$1,336
Cashflow
Cash Flow
$4,544 income − $5,880 expenses = $1,336 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,544
Total Expenses
$5,880
Mortgage P&I
89%
$4,054
Property Taxes
0%
$1
Home Insurance
6%
$280
HOA
0%
$0
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$500