This property looks like a bad Mid-Term investment with a projected -6.61% first-year return on $184k initial cash invested.
-6.61%
Cash On Cash
5.22%
Cap Rate
0.82
DSCR
$5,870
Rent
-$1,011
Cashflow
Cash Flow
$5,870 income − $6,881 expenses = $1,011 out of pocket
Investment Breakdown
|
Purchase Price
$788k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,882
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,870
Total Expenses
$6,881
Mortgage P&I
72%
$4,205
Property Taxes
7%
$400
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$704
CapEx
4%
$235
Vacancy
3%
$176
Maintenance
4%
$235
Other
11%
$646