This property looks like a bad Mid-Term investment with a projected -13.27% first-year return on $185k initial cash invested.
-13.27%
Cash On Cash
3.76%
Cap Rate
0.57
DSCR
$5,072
Rent
-$2,047
Cashflow
Cash Flow
$5,072 income − $7,119 expenses = $2,047 out of pocket
Investment Breakdown
|
Purchase Price
$796k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,955
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,072
Total Expenses
$7,119
Mortgage P&I
85%
$4,334
Property Taxes
15%
$780
Home Insurance
6%
$280
HOA
0%
$0
Property Management
12%
$609
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$558