This property looks like a bad Mid-Term investment with a projected -7.58% first-year return on $184k initial cash invested.
-7.58%
Cash On Cash
5.25%
Cap Rate
0.79
DSCR
$6,471
Rent
-$1,163
Cashflow
Cash Flow
$6,471 income − $7,634 expenses = $1,163 out of pocket
Investment Breakdown
|
Purchase Price
$791k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$158k
Closing costs
1%
$7,912
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,471
Total Expenses
$7,634
Mortgage P&I
67%
$4,364
Property Taxes
13%
$859
Home Insurance
3%
$210
HOA
0%
$0
Property Management
12%
$777
CapEx
4%
$259
Vacancy
3%
$194
Maintenance
4%
$259
Other
11%
$712