This property looks like a bad Mid-Term investment with a projected -7.29% first-year return on $183k initial cash invested.
-7.29%
Cash On Cash
5.05%
Cap Rate
0.79
DSCR
$5,982
Rent
-$1,114
Cashflow
Cash Flow
$5,982 income − $7,096 expenses = $1,114 out of pocket
Investment Breakdown
|
Purchase Price
$787k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,869
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,982
Total Expenses
$7,096
Mortgage P&I
70%
$4,188
Property Taxes
8%
$455
Home Insurance
7%
$420
HOA
0%
$0
Property Management
12%
$718
CapEx
4%
$239
Vacancy
3%
$179
Maintenance
4%
$239
Other
11%
$658