This property looks like a bad Mid-Term investment with a projected -10.45% first-year return on $183k initial cash invested.
-10.45%
Cash On Cash
4.44%
Cap Rate
0.68
DSCR
$5,463
Rent
-$1,595
Cashflow
Cash Flow
$5,463 income − $7,058 expenses = $1,595 out of pocket
Investment Breakdown
|
Purchase Price
$787k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,868
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,463
Total Expenses
$7,058
Mortgage P&I
79%
$4,290
Property Taxes
12%
$633
Home Insurance
5%
$276
HOA
0%
$0
Property Management
12%
$656
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$601