This property looks like a bad Mid-Term investment with a projected -14.37% first-year return on $185k initial cash invested.
-14.37%
Cash On Cash
3.35%
Cap Rate
0.52
DSCR
$4,708
Rent
-$2,216
Cashflow
Cash Flow
$4,708 income − $6,924 expenses = $2,216 out of pocket
Investment Breakdown
|
Purchase Price
$796k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,957
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,708
Total Expenses
$6,924
Mortgage P&I
90%
$4,250
Property Taxes
16%
$761
Home Insurance
6%
$280
HOA
1%
$33
Property Management
12%
$565
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$518