This property looks like a bad Mid-Term investment with a projected -8.81% first-year return on $186k initial cash invested.
-8.81%
Cash On Cash
4.87%
Cap Rate
0.74
DSCR
$5,958
Rent
-$1,364
Cashflow
Cash Flow
$5,958 income − $7,322 expenses = $1,364 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,958
Total Expenses
$7,322
Mortgage P&I
73%
$4,371
Property Taxes
11%
$646
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$715
CapEx
4%
$238
Vacancy
3%
$179
Maintenance
4%
$238
Other
11%
$655