This property looks like a bad Mid-Term investment with a projected -14.49% first-year return on $181k initial cash invested.
-14.49%
Cash On Cash
3.41%
Cap Rate
0.52
DSCR
$4,574
Rent
-$2,188
Cashflow
Cash Flow
$4,574 income − $6,762 expenses = $2,188 out of pocket
Investment Breakdown
|
Purchase Price
$777k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,774
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,574
Total Expenses
$6,762
Mortgage P&I
92%
$4,213
Property Taxes
16%
$718
Home Insurance
6%
$276
HOA
0%
$0
Property Management
12%
$549
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503