This property looks like a bad Mid-Term investment with a projected -11.66% first-year return on $184k initial cash invested.
-11.66%
Cash On Cash
3.67%
Cap Rate
0.6
DSCR
$4,432
Rent
-$1,785
Cashflow
Cash Flow
$4,432 income − $6,217 expenses = $1,785 out of pocket
Investment Breakdown
|
Purchase Price
$789k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,432
Total Expenses
$6,217
Mortgage P&I
91%
$4,023
Property Taxes
9%
$411
Home Insurance
6%
$276
HOA
0%
$0
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$488