This property looks like a bad Mid-Term investment with a projected -18.87% first-year return on $183k initial cash invested.
-18.87%
Cash On Cash
2.29%
Cap Rate
0.35
DSCR
$3,094
Rent
-$2,876
Cashflow
Cash Flow
$3,094 income − $5,970 expenses = $2,876 out of pocket
Investment Breakdown
|
Purchase Price
$785k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,850
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,094
Total Expenses
$5,970
Mortgage P&I
137%
$4,253
Property Taxes
13%
$390
Home Insurance
9%
$275
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340