This property looks like a bad Mid-Term investment with a projected -13.22% first-year return on $185k initial cash invested.
-13.22%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$4,702
Rent
-$2,041
Cashflow
Cash Flow
$4,702 income − $6,743 expenses = $2,041 out of pocket
Investment Breakdown
|
Purchase Price
$796k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,963
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,702
Total Expenses
$6,743
Mortgage P&I
93%
$4,389
Property Taxes
10%
$454
Home Insurance
6%
$289
HOA
0%
$13
Property Management
12%
$564
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$517