This property looks like a bad Mid-Term investment with a projected -10.68% first-year return on $184k initial cash invested.
-10.68%
Cash On Cash
4.32%
Cap Rate
0.67
DSCR
$5,742
Rent
-$1,639
Cashflow
Cash Flow
$5,742 income − $7,381 expenses = $1,639 out of pocket
Investment Breakdown
|
Purchase Price
$791k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,913
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,742
Total Expenses
$7,381
Mortgage P&I
74%
$4,255
Property Taxes
15%
$865
Home Insurance
5%
$308
HOA
0%
$0
Property Management
12%
$689
CapEx
4%
$230
Vacancy
3%
$172
Maintenance
4%
$230
Other
11%
$632