This property looks like a bad Mid-Term investment with a projected -15.28% first-year return on $183k initial cash invested.
-15.28%
Cash On Cash
2.8%
Cap Rate
0.46
DSCR
$4,258
Rent
-$2,328
Cashflow
Cash Flow
$4,258 income − $6,586 expenses = $2,328 out of pocket
Investment Breakdown
|
Purchase Price
$785k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,850
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,258
Total Expenses
$6,586
Mortgage P&I
94%
$3,988
Property Taxes
21%
$876
Home Insurance
6%
$275
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468