This property looks like a bad Mid-Term investment with a projected -12.07% first-year return on $184k initial cash invested.
-12.07%
Cash On Cash
3.96%
Cap Rate
0.61
DSCR
$5,038
Rent
-$1,848
Cashflow
Cash Flow
$5,038 income − $6,886 expenses = $1,848 out of pocket
Investment Breakdown
|
Purchase Price
$789k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,889
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,038
Total Expenses
$6,886
Mortgage P&I
84%
$4,251
Property Taxes
13%
$636
Home Insurance
6%
$285
HOA
0%
$0
Property Management
12%
$605
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$554