This property looks like a bad Mid-Term investment with a projected -9.32% first-year return on $184k initial cash invested.
-9.32%
Cash On Cash
4.5%
Cap Rate
0.71
DSCR
$5,700
Rent
-$1,427
Cashflow
Cash Flow
$5,700 income − $7,127 expenses = $1,427 out of pocket
Investment Breakdown
|
Purchase Price
$790k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,895
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,700
Total Expenses
$7,127
Mortgage P&I
73%
$4,157
Property Taxes
13%
$756
Home Insurance
5%
$276
HOA
0%
$0
Property Management
12%
$684
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$627