This property looks like a bad Mid-Term investment with a projected -9.43% first-year return on $182k initial cash invested.
-9.43%
Cash On Cash
4.39%
Cap Rate
0.71
DSCR
$5,916
Rent
-$1,431
Cashflow
Cash Flow
$5,916 income − $7,347 expenses = $1,431 out of pocket
Investment Breakdown
|
Purchase Price
$782k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,818
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,916
Total Expenses
$7,347
Mortgage P&I
69%
$4,053
Property Taxes
17%
$1,002
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$710
CapEx
4%
$237
Vacancy
3%
$177
Maintenance
4%
$237
Other
11%
$651