This property looks like a bad Mid-Term investment with a projected -7.99% first-year return on $180k initial cash invested.
-7.99%
Cash On Cash
4.87%
Cap Rate
0.77
DSCR
$5,972
Rent
-$1,199
Cashflow
Cash Flow
$5,972 income − $7,171 expenses = $1,199 out of pocket
Investment Breakdown
|
Purchase Price
$771k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,713
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,972
Total Expenses
$7,171
Mortgage P&I
69%
$4,092
Property Taxes
13%
$787
Home Insurance
4%
$261
HOA
0%
$0
Property Management
12%
$717
CapEx
4%
$239
Vacancy
3%
$179
Maintenance
4%
$239
Other
11%
$657