This property looks like a bad Mid-Term investment with a projected -4.08% first-year return on $186k initial cash invested.
-4.08%
Cash On Cash
5.99%
Cap Rate
0.92
DSCR
$7,220
Rent
-$631
Cashflow
Cash Flow
$7,220 income − $7,851 expenses = $631 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,220
Total Expenses
$7,851
Mortgage P&I
60%
$4,330
Property Taxes
11%
$786
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$866
CapEx
4%
$289
Vacancy
3%
$217
Maintenance
4%
$289
Other
11%
$794