This property looks like a bad Mid-Term investment with a projected -7.04% first-year return on $182k initial cash invested.
-7.04%
Cash On Cash
4.86%
Cap Rate
0.79
DSCR
$6,190
Rent
-$1,069
Cashflow
Cash Flow
$6,190 income − $7,259 expenses = $1,069 out of pocket
Investment Breakdown
|
Purchase Price
$782k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,815
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,190
Total Expenses
$7,259
Mortgage P&I
64%
$3,983
Property Taxes
14%
$894
Home Insurance
4%
$276
HOA
0%
$0
Property Management
12%
$743
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$681