This property looks like a bad Mid-Term investment with a projected -13.57% first-year return on $185k initial cash invested.
-13.57%
Cash On Cash
3.28%
Cap Rate
0.53
DSCR
$4,533
Rent
-$2,092
Cashflow
Cash Flow
$4,533 income − $6,625 expenses = $2,092 out of pocket
Investment Breakdown
|
Purchase Price
$795k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,533
Total Expenses
$6,625
Mortgage P&I
90%
$4,082
Property Taxes
14%
$657
Home Insurance
6%
$278
HOA
1%
$67
Property Management
12%
$544
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$499