This property looks like a bad Mid-Term investment with a projected -13.57% first-year return on $180k initial cash invested.
-13.57%
Cash On Cash
3.2%
Cap Rate
0.52
DSCR
$4,334
Rent
-$2,032
Cashflow
Cash Flow
$4,334 income − $6,366 expenses = $2,032 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,334
Total Expenses
$6,366
Mortgage P&I
90%
$3,909
Property Taxes
10%
$424
Home Insurance
13%
$560
HOA
0%
$0
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$477