This property looks like a bad Mid-Term investment with a projected -15.15% first-year return on $185k initial cash invested.
-15.15%
Cash On Cash
3.34%
Cap Rate
0.51
DSCR
$4,878
Rent
-$2,330
Cashflow
Cash Flow
$4,878 income − $7,208 expenses = $2,330 out of pocket
Investment Breakdown
|
Purchase Price
$793k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$159k
Closing costs
1%
$7,933
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,878
Total Expenses
$7,208
Mortgage P&I
89%
$4,343
Property Taxes
18%
$890
Home Insurance
7%
$317
HOA
0%
$0
Property Management
12%
$585
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$537