This property looks like a bad Mid-Term investment with a projected -11.16% first-year return on $183k initial cash invested.
-11.16%
Cash On Cash
4.26%
Cap Rate
0.65
DSCR
$5,073
Rent
-$1,699
Cashflow
Cash Flow
$5,073 income − $6,772 expenses = $1,699 out of pocket
Investment Breakdown
|
Purchase Price
$785k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,846
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,073
Total Expenses
$6,772
Mortgage P&I
84%
$4,282
Property Taxes
9%
$481
Home Insurance
6%
$284
HOA
0%
$0
Property Management
12%
$609
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$558