This property looks like a bad Mid-Term investment with a projected -11.24% first-year return on $184k initial cash invested.
-11.24%
Cash On Cash
3.99%
Cap Rate
0.63
DSCR
$4,884
Rent
-$1,727
Cashflow
Cash Flow
$4,884 income − $6,611 expenses = $1,727 out of pocket
Investment Breakdown
|
Purchase Price
$792k
Downpayment
20.0%
Interest Rate
6.9%
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
$4,884
Total Expenses
$6,611
Mortgage P&I
85%
$4,164
Property Taxes
10%
$498
Home Insurance
6%
$289
HOA
0%
$0
Property Management
12%
$586
CapEx
4%
$195
Vacancy
3%
$147
Maintenance
4%
$195
Other
11%
$537