This property looks like a bad Mid-Term investment with a projected -13.19% first-year return on $182k initial cash invested.
-13.19%
Cash On Cash
3.27%
Cap Rate
0.54
DSCR
$3,920
Rent
-$1,996
Cashflow
Cash Flow
$3,920 income − $5,916 expenses = $1,996 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,790
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,920
Total Expenses
$5,916
Mortgage P&I
101%
$3,962
Property Taxes
9%
$348
Home Insurance
7%
$273
HOA
0%
$0
Property Management
12%
$470
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$431