This property looks like a bad Mid-Term investment with a projected -6.05% first-year return on $182k initial cash invested.
-6.05%
Cash On Cash
5.06%
Cap Rate
0.83
DSCR
$5,990
Rent
-$918
Cashflow
Cash Flow
$5,990 income − $6,908 expenses = $918 out of pocket
Investment Breakdown
|
Purchase Price
$782k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,816
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,990
Total Expenses
$6,908
Mortgage P&I
66%
$3,972
Property Taxes
10%
$618
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$719
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$659