This property looks like a bad Mid-Term investment with a projected -14.76% first-year return on $183k initial cash invested.
-14.76%
Cash On Cash
3.42%
Cap Rate
0.52
DSCR
$4,540
Rent
-$2,253
Cashflow
Cash Flow
$4,540 income − $6,793 expenses = $2,253 out of pocket
Investment Breakdown
|
Purchase Price
$787k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,867
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,540
Total Expenses
$6,793
Mortgage P&I
95%
$4,311
Property Taxes
14%
$653
Home Insurance
6%
$285
HOA
0%
$0
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$499