This property looks like a bad Mid-Term investment with a projected -13.77% first-year return on $185k initial cash invested.
-13.77%
Cash On Cash
3.9%
Cap Rate
0.57
DSCR
$4,911
Rent
-$2,124
Cashflow
Cash Flow
$4,911 income − $7,035 expenses = $2,124 out of pocket
Investment Breakdown
|
Purchase Price
$796k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,959
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,911
Total Expenses
$7,035
Mortgage P&I
92%
$4,512
Property Taxes
12%
$568
Home Insurance
6%
$287
HOA
0%
$0
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540