This property looks like a bad Mid-Term investment with a projected -11.22% first-year return on $184k initial cash invested.
-11.22%
Cash On Cash
4.21%
Cap Rate
0.65
DSCR
$6,106
Rent
-$1,719
Cashflow
Cash Flow
$6,106 income − $7,825 expenses = $1,719 out of pocket
Investment Breakdown
|
Purchase Price
$790k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,900
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,106
Total Expenses
$7,825
Mortgage P&I
70%
$4,245
Property Taxes
20%
$1,226
Home Insurance
5%
$278
HOA
0%
$0
Property Management
12%
$733
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$672