This property looks like a bad Mid-Term investment with a projected -17.92% first-year return on $180k initial cash invested.
-17.92%
Cash On Cash
2.53%
Cap Rate
0.39
DSCR
$2,862
Rent
-$2,694
Cashflow
Cash Flow
$2,862 income − $5,556 expenses = $2,694 out of pocket
Investment Breakdown
|
Purchase Price
$774k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$155k
Closing costs
1%
$7,735
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,862
Total Expenses
$5,556
Mortgage P&I
147%
$4,208
Property Taxes
3%
$96
Home Insurance
10%
$280
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$315