This property looks like a bad Mid-Term investment with a projected -11.65% first-year return on $180k initial cash invested.
-11.65%
Cash On Cash
3.51%
Cap Rate
0.59
DSCR
$4,011
Rent
-$1,747
Cashflow
Cash Flow
$4,011 income − $5,758 expenses = $1,747 out of pocket
Investment Breakdown
|
Purchase Price
$771k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,710
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,011
Total Expenses
$5,758
Mortgage P&I
96%
$3,841
Property Taxes
7%
$268
Home Insurance
7%
$287
HOA
0%
$0
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441