This property looks like a bad Mid-Term investment with a projected -3% first-year return on $182k initial cash invested.
-3%
Cash On Cash
5.74%
Cap Rate
0.95
DSCR
$6,682
Rent
-$455
Cashflow
Cash Flow
$6,682 income − $7,137 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$780k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,801
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,682
Total Expenses
$7,137
Mortgage P&I
59%
$3,922
Property Taxes
10%
$668
Home Insurance
4%
$276
HOA
0%
$0
Property Management
12%
$802
CapEx
4%
$267
Vacancy
3%
$200
Maintenance
4%
$267
Other
11%
$735