This property looks like a bad Mid-Term investment with a projected -12.86% first-year return on $184k initial cash invested.
-12.86%
Cash On Cash
3.62%
Cap Rate
0.57
DSCR
$3,975
Rent
-$1,969
Cashflow
Cash Flow
$3,975 income − $5,944 expenses = $1,969 out of pocket
Investment Breakdown
|
Purchase Price
$789k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,890
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,975
Total Expenses
$5,944
Mortgage P&I
105%
$4,193
Property Taxes
3%
$124
Home Insurance
7%
$276
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437