This property looks like a bad Mid-Term investment with a projected -7.59% first-year return on $182k initial cash invested.
-7.59%
Cash On Cash
5.14%
Cap Rate
0.79
DSCR
$6,398
Rent
-$1,154
Cashflow
Cash Flow
$6,398 income − $7,552 expenses = $1,154 out of pocket
Investment Breakdown
|
Purchase Price
$783k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$157k
Closing costs
1%
$7,826
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,398
Total Expenses
$7,552
Mortgage P&I
66%
$4,250
Property Taxes
13%
$848
Home Insurance
4%
$278
HOA
0%
$0
Property Management
12%
$768
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$704