This property looks like a bad Mid-Term investment with a projected -2.34% first-year return on $186k initial cash invested.
-2.34%
Cash On Cash
6.48%
Cap Rate
0.99
DSCR
$7,636
Rent
-$363
Cashflow
Cash Flow
$7,636 income − $7,999 expenses = $363 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.3%
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
$7,636
Total Expenses
$7,999
Mortgage P&I
57%
$4,372
Property Taxes
10%
$752
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$916
CapEx
4%
$305
Vacancy
3%
$229
Maintenance
4%
$305
Other
11%
$840