This property looks like a bad Mid-Term investment with a projected -16.09% first-year return on $185k initial cash invested.
-16.09%
Cash On Cash
3.24%
Cap Rate
0.48
DSCR
$3,878
Rent
-$2,474
Cashflow
Cash Flow
$3,878 income − $6,352 expenses = $2,474 out of pocket
Investment Breakdown
|
Purchase Price
$793k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,930
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,878
Total Expenses
$6,352
Mortgage P&I
115%
$4,459
Property Taxes
7%
$286
Home Insurance
7%
$289
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$427