This property looks like a bad Mid-Term investment with a projected -18.25% first-year return on $182k initial cash invested.
-18.25%
Cash On Cash
2.26%
Cap Rate
0.36
DSCR
$4,334
Rent
-$2,774
Cashflow
Cash Flow
$4,334 income − $7,108 expenses = $2,774 out of pocket
Investment Breakdown
|
Purchase Price
$783k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$157k
Closing costs
1%
$7,830
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,334
Total Expenses
$7,108
Mortgage P&I
94%
$4,078
Property Taxes
28%
$1,220
Home Insurance
7%
$287
HOA
1%
$50
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$477