This property looks like a bad Mid-Term investment with a projected -4.55% first-year return on $182k initial cash invested.
-4.55%
Cash On Cash
5.39%
Cap Rate
0.89
DSCR
$5,928
Rent
-$689
Cashflow
Cash Flow
$5,928 income − $6,617 expenses = $689 out of pocket
Investment Breakdown
|
Purchase Price
$780k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,795
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,928
Total Expenses
$6,617
Mortgage P&I
67%
$3,953
Property Taxes
6%
$369
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$711
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$652