This property looks like a bad Mid-Term investment with a projected -18.03% first-year return on $183k initial cash invested.
-18.03%
Cash On Cash
2.47%
Cap Rate
0.38
DSCR
$3,772
Rent
-$2,748
Cashflow
Cash Flow
$3,772 income − $6,520 expenses = $2,748 out of pocket
Investment Breakdown
|
Purchase Price
$785k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,850
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,772
Total Expenses
$6,520
Mortgage P&I
112%
$4,210
Property Taxes
20%
$752
Home Insurance
7%
$275
HOA
0%
$0
Property Management
12%
$453
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$415