This property looks like a bad Mid-Term investment with a projected -5% first-year return on $183k initial cash invested.
-5%
Cash On Cash
5.72%
Cap Rate
0.89
DSCR
$7,632
Rent
-$762
Cashflow
Cash Flow
$7,632 income − $8,394 expenses = $762 out of pocket
Investment Breakdown
|
Purchase Price
$786k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,859
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,632
Total Expenses
$8,394
Mortgage P&I
55%
$4,201
Property Taxes
17%
$1,323
Home Insurance
4%
$275
HOA
0%
$0
Property Management
12%
$916
CapEx
4%
$305
Vacancy
3%
$229
Maintenance
4%
$305
Other
11%
$840