This property looks like a bad Mid-Term investment with a projected -9.53% first-year return on $187k initial cash invested.
-9.53%
Cash On Cash
4.75%
Cap Rate
0.72
DSCR
$6,074
Rent
-$1,484
Cashflow
Cash Flow
$6,074 income − $7,558 expenses = $1,484 out of pocket
Investment Breakdown
|
Purchase Price
$804k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$187k
Downpayment
20%
$161k
Closing costs
1%
$8,043
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,074
Total Expenses
$7,558
Mortgage P&I
73%
$4,427
Property Taxes
13%
$786
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$729
CapEx
4%
$243
Vacancy
3%
$182
Maintenance
4%
$243
Other
11%
$668