This property looks like a bad Mid-Term investment with a projected -15.22% first-year return on $182k initial cash invested.
-15.22%
Cash On Cash
2.9%
Cap Rate
0.47
DSCR
$4,032
Rent
-$2,306
Cashflow
Cash Flow
$4,032 income − $6,338 expenses = $2,306 out of pocket
Investment Breakdown
|
Purchase Price
$780k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,800
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,032
Total Expenses
$6,338
Mortgage P&I
100%
$4,029
Property Taxes
16%
$625
Home Insurance
7%
$273
HOA
1%
$40
Property Management
12%
$484
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$444