This property looks like a bad Mid-Term investment with a projected -11.86% first-year return on $186k initial cash invested.
-11.86%
Cash On Cash
3.61%
Cap Rate
0.59
DSCR
$4,788
Rent
-$1,835
Cashflow
Cash Flow
$4,788 income − $6,623 expenses = $1,835 out of pocket
Investment Breakdown
|
Purchase Price
$798k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,984
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,788
Total Expenses
$6,623
Mortgage P&I
85%
$4,046
Property Taxes
14%
$658
Home Insurance
6%
$289
HOA
0%
$0
Property Management
12%
$575
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$527