This property looks like a bad Mid-Term investment with a projected -4.55% first-year return on $182k initial cash invested.
-4.55%
Cash On Cash
5.45%
Cap Rate
0.88
DSCR
$5,646
Rent
-$692
Cashflow
Cash Flow
$5,646 income − $6,338 expenses = $692 out of pocket
Investment Breakdown
|
Purchase Price
$783k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$157k
Closing costs
1%
$7,833
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,646
Total Expenses
$6,338
Mortgage P&I
71%
$4,024
Property Taxes
2%
$114
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$678
CapEx
4%
$226
Vacancy
3%
$169
Maintenance
4%
$226
Other
11%
$621