This property looks like a bad Mid-Term investment with a projected -5.54% first-year return on $182k initial cash invested.
-5.54%
Cash On Cash
5.16%
Cap Rate
0.85
DSCR
$5,982
Rent
-$840
Cashflow
Cash Flow
$5,982 income − $6,822 expenses = $840 out of pocket
Investment Breakdown
|
Purchase Price
$780k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,800
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,982
Total Expenses
$6,822
Mortgage P&I
66%
$3,957
Property Taxes
9%
$559
Home Insurance
5%
$273
HOA
0%
$0
Property Management
12%
$718
CapEx
4%
$239
Vacancy
3%
$179
Maintenance
4%
$239
Other
11%
$658