This property looks like a bad Mid-Term investment with a projected -10.11% first-year return on $183k initial cash invested.
-10.11%
Cash On Cash
4.48%
Cap Rate
0.69
DSCR
$5,433
Rent
-$1,543
Cashflow
Cash Flow
$5,433 income − $6,976 expenses = $1,543 out of pocket
Investment Breakdown
|
Purchase Price
$787k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,866
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,433
Total Expenses
$6,976
Mortgage P&I
78%
$4,260
Property Taxes
11%
$593
Home Insurance
5%
$276
HOA
0%
$0
Property Management
12%
$652
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$598