This property looks like a bad Mid-Term investment with a projected -13.47% first-year return on $181k initial cash invested.
-13.47%
Cash On Cash
3.61%
Cap Rate
0.56
DSCR
$4,624
Rent
-$2,029
Cashflow
Cash Flow
$4,624 income − $6,653 expenses = $2,029 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,624
Total Expenses
$6,653
Mortgage P&I
90%
$4,177
Property Taxes
14%
$632
Home Insurance
6%
$271
HOA
0%
$0
Property Management
12%
$555
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$509