This property looks like a bad Mid-Term investment with a projected -10.15% first-year return on $186k initial cash invested.
-10.15%
Cash On Cash
4.4%
Cap Rate
0.69
DSCR
$6,414
Rent
-$1,575
Cashflow
Cash Flow
$6,414 income − $7,989 expenses = $1,575 out of pocket
Investment Breakdown
|
Purchase Price
$801k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$8,013
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,414
Total Expenses
$7,989
Mortgage P&I
66%
$4,253
Property Taxes
20%
$1,302
Home Insurance
4%
$252
HOA
0%
$0
Property Management
12%
$770
CapEx
4%
$257
Vacancy
3%
$192
Maintenance
4%
$257
Other
11%
$706