This property looks like a bad Mid-Term investment with a projected -6.17% first-year return on $183k initial cash invested.
-6.17%
Cash On Cash
5.52%
Cap Rate
0.84
DSCR
$6,714
Rent
-$941
Cashflow
Cash Flow
$6,714 income − $7,655 expenses = $941 out of pocket
Investment Breakdown
|
Purchase Price
$786k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,863
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,714
Total Expenses
$7,655
Mortgage P&I
64%
$4,291
Property Taxes
12%
$774
Home Insurance
5%
$306
HOA
0%
$0
Property Management
12%
$806
CapEx
4%
$269
Vacancy
3%
$201
Maintenance
4%
$269
Other
11%
$739