This property looks like a bad Mid-Term investment with a projected -10.05% first-year return on $185k initial cash invested.
-10.05%
Cash On Cash
4.37%
Cap Rate
0.68
DSCR
$4,950
Rent
-$1,547
Cashflow
Cash Flow
$4,950 income − $6,497 expenses = $1,547 out of pocket
Investment Breakdown
|
Purchase Price
$794k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,940
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,950
Total Expenses
$6,497
Mortgage P&I
86%
$4,242
Property Taxes
6%
$312
Home Insurance
5%
$261
HOA
0%
$0
Property Management
12%
$594
CapEx
4%
$198
Vacancy
3%
$148
Maintenance
4%
$198
Other
11%
$544