This property looks like a bad Mid-Term investment with a projected -5.38% first-year return on $183k initial cash invested.
-5.38%
Cash On Cash
5.54%
Cap Rate
0.86
DSCR
$6,318
Rent
-$820
Cashflow
Cash Flow
$6,318 income − $7,138 expenses = $820 out of pocket
Investment Breakdown
|
Purchase Price
$786k
Downpayment
20.0%
Interest Rate
7.0%
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
$6,318
Total Expenses
$7,138
Mortgage P&I
66%
$4,191
Property Taxes
6%
$377
Home Insurance
4%
$271
HOA
2%
$150
Property Management
12%
$758
CapEx
4%
$253
Vacancy
3%
$190
Maintenance
4%
$253
Other
11%
$695