This property looks like a bad Mid-Term investment with a projected -9.67% first-year return on $187k initial cash invested.
-9.67%
Cash On Cash
4.24%
Cap Rate
0.69
DSCR
$5,578
Rent
-$1,509
Cashflow
Cash Flow
$5,578 income − $7,087 expenses = $1,509 out of pocket
Investment Breakdown
|
Purchase Price
$806k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,063
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,578
Total Expenses
$7,087
Mortgage P&I
74%
$4,132
Property Taxes
14%
$779
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$669
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$614