This property looks like a bad Mid-Term investment with a projected -9.44% first-year return on $185k initial cash invested.
-9.44%
Cash On Cash
4.66%
Cap Rate
0.72
DSCR
$5,638
Rent
-$1,458
Cashflow
Cash Flow
$5,638 income − $7,096 expenses = $1,458 out of pocket
Investment Breakdown
|
Purchase Price
$797k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,971
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,638
Total Expenses
$7,096
Mortgage P&I
77%
$4,328
Property Taxes
10%
$571
Home Insurance
5%
$279
HOA
0%
$0
Property Management
12%
$677
CapEx
4%
$226
Vacancy
3%
$169
Maintenance
4%
$226
Other
11%
$620