This property looks like a bad Mid-Term investment with a projected -6.44% first-year return on $185k initial cash invested.
-6.44%
Cash On Cash
5.28%
Cap Rate
0.82
DSCR
$6,238
Rent
-$993
Cashflow
Cash Flow
$6,238 income − $7,231 expenses = $993 out of pocket
Investment Breakdown
|
Purchase Price
$796k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,956
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,238
Total Expenses
$7,231
Mortgage P&I
68%
$4,241
Property Taxes
9%
$588
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$749
CapEx
4%
$250
Vacancy
3%
$187
Maintenance
4%
$250
Other
11%
$686