This property looks like a bad Mid-Term investment with a projected -20.75% first-year return on $183k initial cash invested.
-20.75%
Cash On Cash
1.7%
Cap Rate
0.27
DSCR
$2,704
Rent
-$3,158
Cashflow
Cash Flow
$2,704 income − $5,862 expenses = $3,158 out of pocket
Investment Breakdown
|
Purchase Price
$784k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,841
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,704
Total Expenses
$5,862
Mortgage P&I
154%
$4,164
Property Taxes
18%
$474
Home Insurance
11%
$306
HOA
0%
$0
Property Management
12%
$324
CapEx
4%
$108
Vacancy
3%
$81
Maintenance
4%
$108
Other
11%
$297