This property looks like a bad Mid-Term investment with a projected -10.25% first-year return on $186k initial cash invested.
-10.25%
Cash On Cash
4.41%
Cap Rate
0.68
DSCR
$5,654
Rent
-$1,586
Cashflow
Cash Flow
$5,654 income − $7,240 expenses = $1,586 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%
$7,985
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,654
Total Expenses
$7,240
Mortgage P&I
76%
$4,293
Property Taxes
13%
$745
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$678
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$622