This property looks like a bad Mid-Term investment with a projected -14.73% first-year return on $184k initial cash invested.
-14.73%
Cash On Cash
3.08%
Cap Rate
0.49
DSCR
$3,660
Rent
-$2,263
Cashflow
Cash Flow
$3,660 income − $5,923 expenses = $2,263 out of pocket
Investment Breakdown
|
Purchase Price
$792k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,920
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,660
Total Expenses
$5,923
Mortgage P&I
113%
$4,150
Property Taxes
6%
$233
Home Insurance
8%
$296
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$403