This property looks like a bad Mid-Term investment with a projected -16.14% first-year return on $180k initial cash invested.
-16.14%
Cash On Cash
3%
Cap Rate
0.46
DSCR
$4,212
Rent
-$2,417
Cashflow
Cash Flow
$4,212 income − $6,629 expenses = $2,417 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,699
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,212
Total Expenses
$6,629
Mortgage P&I
99%
$4,172
Property Taxes
18%
$757
Home Insurance
6%
$270
HOA
0%
$0
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463