This property looks like a bad Mid-Term investment with a projected -15.47% first-year return on $186k initial cash invested.
-15.47%
Cash On Cash
3.21%
Cap Rate
0.49
DSCR
$4,572
Rent
-$2,392
Cashflow
Cash Flow
$4,572 income − $6,964 expenses = $2,392 out of pocket
Investment Breakdown
|
Purchase Price
$798k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,980
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,572
Total Expenses
$6,964
Mortgage P&I
95%
$4,345
Property Taxes
17%
$785
Home Insurance
6%
$279
HOA
0%
$0
Property Management
12%
$549
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503