This property looks like a bad Mid-Term investment with a projected -10.95% first-year return on $188k initial cash invested.
-10.95%
Cash On Cash
4.06%
Cap Rate
0.64
DSCR
$5,152
Rent
-$1,713
Cashflow
Cash Flow
$5,152 income − $6,865 expenses = $1,713 out of pocket
Investment Breakdown
|
Purchase Price
$809k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$162k
Closing costs
1%
$8,085
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,152
Total Expenses
$6,865
Mortgage P&I
82%
$4,244
Property Taxes
11%
$572
Home Insurance
6%
$297
HOA
0%
$0
Property Management
12%
$618
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$567