This property looks like a bad Mid-Term investment with a projected -18.9% first-year return on $177k initial cash invested.
-18.9%
Cash On Cash
2.43%
Cap Rate
0.36
DSCR
$3,032
Rent
-$2,794
Cashflow
Cash Flow
$3,032 income − $5,826 expenses = $2,794 out of pocket
Investment Breakdown
|
Purchase Price
$759k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$152k
Closing costs
1%
$7,590
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,032
Total Expenses
$5,826
Mortgage P&I
139%
$4,207
Property Taxes
11%
$322
Home Insurance
9%
$266
HOA
0%
$0
Property Management
12%
$364
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$334