This property looks like a bad Mid-Term investment with a projected -16.72% first-year return on $184k initial cash invested.
-16.72%
Cash On Cash
2.87%
Cap Rate
0.44
DSCR
$3,372
Rent
-$2,570
Cashflow
Cash Flow
$3,372 income − $5,942 expenses = $2,570 out of pocket
Investment Breakdown
|
Purchase Price
$792k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,924
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,372
Total Expenses
$5,942
Mortgage P&I
128%
$4,331
Property Taxes
5%
$171
Home Insurance
9%
$293
HOA
0%
$0
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371