This property looks like a bad Mid-Term investment with a projected -11.31% first-year return on $181k initial cash invested.
-11.31%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$5,852
Rent
-$1,703
Cashflow
Cash Flow
$5,852 income − $7,555 expenses = $1,703 out of pocket
Investment Breakdown
|
Purchase Price
$774k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,744
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,852
Total Expenses
$7,555
Mortgage P&I
72%
$4,235
Property Taxes
18%
$1,050
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$702
CapEx
4%
$234
Vacancy
3%
$176
Maintenance
4%
$234
Other
11%
$644