This property looks like a bad Mid-Term investment with a projected -7.89% first-year return on $183k initial cash invested.
-7.89%
Cash On Cash
5.07%
Cap Rate
0.77
DSCR
$5,856
Rent
-$1,201
Cashflow
Cash Flow
$5,856 income − $7,057 expenses = $1,201 out of pocket
Investment Breakdown
|
Purchase Price
$784k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,838
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,856
Total Expenses
$7,057
Mortgage P&I
73%
$4,278
Property Taxes
9%
$508
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$703
CapEx
4%
$234
Vacancy
3%
$176
Maintenance
4%
$234
Other
11%
$644