This property looks like a bad Mid-Term investment with a projected -15.59% first-year return on $182k initial cash invested.
-15.59%
Cash On Cash
3.41%
Cap Rate
0.5
DSCR
$4,394
Rent
-$2,358
Cashflow
Cash Flow
$4,394 income − $6,752 expenses = $2,358 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,786
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,394
Total Expenses
$6,752
Mortgage P&I
100%
$4,396
Property Taxes
10%
$457
Home Insurance
6%
$280
HOA
3%
$125
Property Management
12%
$527
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$483