This property looks like a bad Mid-Term investment with a projected -9.62% first-year return on $185k initial cash invested.
-9.62%
Cash On Cash
4.51%
Cap Rate
0.7
DSCR
$5,060
Rent
-$1,482
Cashflow
Cash Flow
$5,060 income − $6,542 expenses = $1,482 out of pocket
Investment Breakdown
|
Purchase Price
$795k
Downpayment
20.0%
Interest Rate
7.1%
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
$5,060
Total Expenses
$6,542
Mortgage P&I
84%
$4,268
Property Taxes
5%
$276
Home Insurance
5%
$278
HOA
0%
$0
Property Management
12%
$607
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$557