This property looks like a bad Mid-Term investment with a projected -14.76% first-year return on $182k initial cash invested.
-14.76%
Cash On Cash
2.84%
Cap Rate
0.47
DSCR
$3,226
Rent
-$2,245
Cashflow
Cash Flow
$3,226 income − $5,471 expenses = $2,245 out of pocket
Investment Breakdown
|
Purchase Price
$783k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$157k
Closing costs
1%
$7,832
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,226
Total Expenses
$5,471
Mortgage P&I
123%
$3,969
Property Taxes
4%
$115
Home Insurance
9%
$290
HOA
0%
$0
Property Management
12%
$387
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355