This property looks like a bad Mid-Term investment with a projected -12.15% first-year return on $183k initial cash invested.
-12.15%
Cash On Cash
4.06%
Cap Rate
0.62
DSCR
$5,242
Rent
-$1,852
Cashflow
Cash Flow
$5,242 income − $7,094 expenses = $1,852 out of pocket
Investment Breakdown
|
Purchase Price
$785k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,851
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,242
Total Expenses
$7,094
Mortgage P&I
82%
$4,298
Property Taxes
14%
$733
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$629
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$577