This property looks like a bad Mid-Term investment with a projected -9.85% first-year return on $186k initial cash invested.
-9.85%
Cash On Cash
4.67%
Cap Rate
0.7
DSCR
$5,562
Rent
-$1,525
Cashflow
Cash Flow
$5,562 income − $7,087 expenses = $1,525 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.4%
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
$5,562
Total Expenses
$7,087
Mortgage P&I
79%
$4,411
Property Taxes
9%
$506
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$667
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$612