This property looks like a bad Mid-Term investment with a projected -11.25% first-year return on $188k initial cash invested.
-11.25%
Cash On Cash
4.25%
Cap Rate
0.65
DSCR
$5,610
Rent
-$1,758
Cashflow
Cash Flow
$5,610 income − $7,368 expenses = $1,758 out of pocket
Investment Breakdown
|
Purchase Price
$807k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$161k
Closing costs
1%
$8,073
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,610
Total Expenses
$7,368
Mortgage P&I
78%
$4,396
Property Taxes
14%
$786
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$673
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$617