This property looks like a bad Mid-Term investment with a projected -7.09% first-year return on $182k initial cash invested.
-7.09%
Cash On Cash
5.11%
Cap Rate
0.8
DSCR
$6,645
Rent
-$1,076
Cashflow
Cash Flow
$6,645 income − $7,721 expenses = $1,076 out of pocket
Investment Breakdown
|
Purchase Price
$782k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,820
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,645
Total Expenses
$7,721
Mortgage P&I
62%
$4,141
Property Taxes
16%
$1,080
Home Insurance
4%
$241
HOA
0%
$0
Property Management
12%
$797
CapEx
4%
$266
Vacancy
3%
$199
Maintenance
4%
$266
Other
11%
$731