This property looks like a bad Mid-Term investment with a projected -2.12% first-year return on $186k initial cash invested.
-2.12%
Cash On Cash
6.11%
Cap Rate
0.99
DSCR
$7,245
Rent
-$328
Cashflow
Cash Flow
$7,245 income − $7,573 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$798k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,982
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,245
Total Expenses
$7,573
Mortgage P&I
57%
$4,101
Property Taxes
10%
$747
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$869
CapEx
4%
$290
Vacancy
3%
$217
Maintenance
4%
$290
Other
11%
$797