This property looks like a bad Mid-Term investment with a projected -10.17% first-year return on $186k initial cash invested.
-10.17%
Cash On Cash
4.5%
Cap Rate
0.69
DSCR
$5,830
Rent
-$1,574
Cashflow
Cash Flow
$5,830 income − $7,404 expenses = $1,574 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.2%
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
$5,830
Total Expenses
$7,404
Mortgage P&I
74%
$4,337
Property Taxes
14%
$805
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$700
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$641