This property looks like a bad Mid-Term investment with a projected -13.08% first-year return on $184k initial cash invested.
-13.08%
Cash On Cash
3.37%
Cap Rate
0.55
DSCR
$4,104
Rent
-$2,002
Cashflow
Cash Flow
$4,104 income − $6,106 expenses = $2,002 out of pocket
Investment Breakdown
|
Purchase Price
$789k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,890
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,104
Total Expenses
$6,106
Mortgage P&I
99%
$4,054
Property Taxes
9%
$382
Home Insurance
7%
$276
HOA
0%
$0
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451