This property looks like a bad Mid-Term investment with a projected -11.89% first-year return on $183k initial cash invested.
-11.89%
Cash On Cash
4.04%
Cap Rate
0.62
DSCR
$5,289
Rent
-$1,813
Cashflow
Cash Flow
$5,289 income − $7,102 expenses = $1,813 out of pocket
Investment Breakdown
|
Purchase Price
$786k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,855
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,289
Total Expenses
$7,102
Mortgage P&I
80%
$4,243
Property Taxes
15%
$779
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$635
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$582