This property looks like a bad Mid-Term investment with a projected -13.54% first-year return on $183k initial cash invested.
-13.54%
Cash On Cash
3.58%
Cap Rate
0.55
DSCR
$4,233
Rent
-$2,060
Cashflow
Cash Flow
$4,233 income − $6,293 expenses = $2,060 out of pocket
Investment Breakdown
|
Purchase Price
$784k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,836
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,233
Total Expenses
$6,293
Mortgage P&I
100%
$4,228
Property Taxes
8%
$348
Home Insurance
7%
$278
HOA
0%
$0
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$466