This property looks like a bad Mid-Term investment with a projected -5.26% first-year return on $186k initial cash invested.
-5.26%
Cash On Cash
5.59%
Cap Rate
0.88
DSCR
$7,617
Rent
-$814
Cashflow
Cash Flow
$7,617 income − $8,431 expenses = $814 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.0%
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
$7,617
Total Expenses
$8,431
Mortgage P&I
56%
$4,234
Property Taxes
17%
$1,326
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$914
CapEx
4%
$305
Vacancy
3%
$229
Maintenance
4%
$305
Other
11%
$838