This property looks like a bad Mid-Term investment with a projected -6.01% first-year return on $183k initial cash invested.
-6.01%
Cash On Cash
5.06%
Cap Rate
0.83
DSCR
$6,164
Rent
-$917
Cashflow
Cash Flow
$6,164 income − $7,081 expenses = $917 out of pocket
Investment Breakdown
|
Purchase Price
$787k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$157k
Closing costs
1%
$7,867
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,164
Total Expenses
$7,081
Mortgage P&I
65%
$3,986
Property Taxes
12%
$718
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$740
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$678