This property looks like a bad Mid-Term investment with a projected -13.67% first-year return on $183k initial cash invested.
-13.67%
Cash On Cash
3.88%
Cap Rate
0.58
DSCR
$5,556
Rent
-$2,083
Cashflow
Cash Flow
$5,556 income − $7,639 expenses = $2,083 out of pocket
Investment Breakdown
|
Purchase Price
$785k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,848
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,556
Total Expenses
$7,639
Mortgage P&I
79%
$4,396
Property Taxes
19%
$1,074
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$667
CapEx
4%
$222
Vacancy
3%
$167
Maintenance
4%
$222
Other
11%
$611