This property looks like a bad Mid-Term investment with a projected -8.65% first-year return on $183k initial cash invested.
-8.65%
Cash On Cash
4.86%
Cap Rate
0.75
DSCR
$6,294
Rent
-$1,319
Cashflow
Cash Flow
$6,294 income − $7,613 expenses = $1,319 out of pocket
Investment Breakdown
|
Purchase Price
$786k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,856
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,294
Total Expenses
$7,613
Mortgage P&I
67%
$4,246
Property Taxes
15%
$947
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$755
CapEx
4%
$252
Vacancy
3%
$189
Maintenance
4%
$252
Other
11%
$692