This property looks like a bad Mid-Term investment with a projected -8.02% first-year return on $187k initial cash invested.
-8.02%
Cash On Cash
4.56%
Cap Rate
0.75
DSCR
$5,438
Rent
-$1,248
Cashflow
Cash Flow
$5,438 income − $6,686 expenses = $1,248 out of pocket
Investment Breakdown
|
Purchase Price
$804k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,035
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,438
Total Expenses
$6,686
Mortgage P&I
75%
$4,081
Property Taxes
9%
$466
Home Insurance
5%
$289
HOA
0%
$0
Property Management
12%
$653
CapEx
4%
$218
Vacancy
3%
$163
Maintenance
4%
$218
Other
11%
$598