This property looks like a bad Mid-Term investment with a projected -11.32% first-year return on $185k initial cash invested.
-11.32%
Cash On Cash
3.77%
Cap Rate
0.62
DSCR
$5,418
Rent
-$1,743
Cashflow
Cash Flow
$5,418 income − $7,161 expenses = $1,743 out of pocket
Investment Breakdown
|
Purchase Price
$794k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,938
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,418
Total Expenses
$7,161
Mortgage P&I
74%
$4,022
Property Taxes
19%
$1,025
Home Insurance
5%
$271
HOA
0%
$0
Property Management
12%
$650
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$596