This property looks like a bad Mid-Term investment with a projected -4.75% first-year return on $181k initial cash invested.
-4.75%
Cash On Cash
5.84%
Cap Rate
0.9
DSCR
$6,867
Rent
-$716
Cashflow
Cash Flow
$6,867 income − $7,583 expenses = $716 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,867
Total Expenses
$7,583
Mortgage P&I
61%
$4,215
Property Taxes
11%
$762
Home Insurance
4%
$271
HOA
0%
$0
Property Management
12%
$824
CapEx
4%
$275
Vacancy
3%
$206
Maintenance
4%
$275
Other
11%
$755