This property looks like a bad Mid-Term investment with a projected -3.44% first-year return on $186k initial cash invested.
-3.44%
Cash On Cash
6.09%
Cap Rate
0.94
DSCR
$7,148
Rent
-$533
Cashflow
Cash Flow
$7,148 income − $7,681 expenses = $533 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.1%
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
$7,148
Total Expenses
$7,681
Mortgage P&I
60%
$4,302
Property Taxes
6%
$417
Home Insurance
4%
$280
HOA
4%
$252
Property Management
12%
$858
CapEx
4%
$286
Vacancy
3%
$214
Maintenance
4%
$286
Other
11%
$786