This property looks like a bad Mid-Term investment with a projected -7.1% first-year return on $180k initial cash invested.
-7.1%
Cash On Cash
5.12%
Cap Rate
0.8
DSCR
$6,141
Rent
-$1,063
Cashflow
Cash Flow
$6,141 income − $7,204 expenses = $1,063 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,699
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,141
Total Expenses
$7,204
Mortgage P&I
67%
$4,104
Property Taxes
12%
$741
Home Insurance
4%
$270
HOA
0%
$0
Property Management
12%
$737
CapEx
4%
$246
Vacancy
3%
$184
Maintenance
4%
$246
Other
11%
$676