This property looks like a bad Mid-Term investment with a projected -12.29% first-year return on $183k initial cash invested.
-12.29%
Cash On Cash
4.01%
Cap Rate
0.61
DSCR
$5,042
Rent
-$1,874
Cashflow
Cash Flow
$5,042 income − $6,916 expenses = $1,874 out of pocket
Investment Breakdown
|
Purchase Price
$785k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,854
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,042
Total Expenses
$6,916
Mortgage P&I
85%
$4,294
Property Taxes
12%
$627
Home Insurance
6%
$280
HOA
0%
$0
Property Management
12%
$605
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555