This property looks like a bad Mid-Term investment with a projected -13.07% first-year return on $184k initial cash invested.
-13.07%
Cash On Cash
3.74%
Cap Rate
0.58
DSCR
$5,126
Rent
-$2,010
Cashflow
Cash Flow
$5,126 income − $7,136 expenses = $2,010 out of pocket
Investment Breakdown
|
Purchase Price
$793k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$159k
Closing costs
1%
$7,928
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,126
Total Expenses
$7,136
Mortgage P&I
83%
$4,273
Property Taxes
16%
$826
Home Insurance
6%
$294
HOA
0%
$0
Property Management
12%
$615
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$564