This property looks like a bad Mid-Term investment with a projected -5.1% first-year return on $182k initial cash invested.
-5.1%
Cash On Cash
5.75%
Cap Rate
0.88
DSCR
$6,794
Rent
-$772
Cashflow
Cash Flow
$6,794 income − $7,566 expenses = $772 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,788
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,794
Total Expenses
$7,566
Mortgage P&I
62%
$4,229
Property Taxes
11%
$757
Home Insurance
4%
$270
HOA
0%
$0
Property Management
12%
$815
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$747