This property looks like a bad Mid-Term investment with a projected -16.22% first-year return on $184k initial cash invested.
-16.22%
Cash On Cash
2.52%
Cap Rate
0.41
DSCR
$3,432
Rent
-$2,489
Cashflow
Cash Flow
$3,432 income − $5,921 expenses = $2,489 out of pocket
Investment Breakdown
|
Purchase Price
$791k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,911
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,432
Total Expenses
$5,921
Mortgage P&I
117%
$4,016
Property Taxes
13%
$444
Home Insurance
9%
$294
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378