This property looks like a bad Mid-Term investment with a projected -14.61% first-year return on $185k initial cash invested.
-14.61%
Cash On Cash
3.24%
Cap Rate
0.51
DSCR
$4,466
Rent
-$2,251
Cashflow
Cash Flow
$4,466 income − $6,717 expenses = $2,251 out of pocket
Investment Breakdown
|
Purchase Price
$795k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,950
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,466
Total Expenses
$6,717
Mortgage P&I
95%
$4,221
Property Taxes
16%
$699
Home Insurance
6%
$278
HOA
0%
$0
Property Management
12%
$536
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$491