This property looks like a bad Mid-Term investment with a projected -15.53% first-year return on $184k initial cash invested.
-15.53%
Cash On Cash
3.41%
Cap Rate
0.5
DSCR
$4,184
Rent
-$2,380
Cashflow
Cash Flow
$4,184 income − $6,564 expenses = $2,380 out of pocket
Investment Breakdown
|
Purchase Price
$790k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,900
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,184
Total Expenses
$6,564
Mortgage P&I
107%
$4,458
Property Taxes
10%
$408
Home Insurance
7%
$276
HOA
0%
$0
Property Management
12%
$502
CapEx
4%
$167
Vacancy
3%
$126
Maintenance
4%
$167
Other
11%
$460