This property looks like a bad Mid-Term investment with a projected -1.1% first-year return on $183k initial cash invested.
-1.1%
Cash On Cash
6.72%
Cap Rate
1.03
DSCR
$7,740
Rent
-$167
Cashflow
Cash Flow
$7,740 income − $7,907 expenses = $167 out of pocket
Investment Breakdown
|
Purchase Price
$784k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,839
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,740
Total Expenses
$7,907
Mortgage P&I
55%
$4,248
Property Taxes
10%
$747
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$929
CapEx
4%
$310
Vacancy
3%
$232
Maintenance
4%
$310
Other
11%
$851