This property looks like a bad Mid-Term investment with a projected -11.19% first-year return on $183k initial cash invested.
-11.19%
Cash On Cash
3.81%
Cap Rate
0.63
DSCR
$5,410
Rent
-$1,707
Cashflow
Cash Flow
$5,410 income − $7,117 expenses = $1,707 out of pocket
Investment Breakdown
|
Purchase Price
$786k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,861
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,410
Total Expenses
$7,117
Mortgage P&I
74%
$3,988
Property Taxes
19%
$1,011
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$649
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$595