This property looks like a bad Mid-Term investment with a projected -11.82% first-year return on $184k initial cash invested.
-11.82%
Cash On Cash
3.95%
Cap Rate
0.62
DSCR
$5,482
Rent
-$1,807
Cashflow
Cash Flow
$5,482 income − $7,289 expenses = $1,807 out of pocket
Investment Breakdown
|
Purchase Price
$788k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,881
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,482
Total Expenses
$7,289
Mortgage P&I
76%
$4,184
Property Taxes
17%
$910
Home Insurance
6%
$332
HOA
0%
$0
Property Management
12%
$658
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$603