This property looks like a bad Mid-Term investment with a projected -14.61% first-year return on $182k initial cash invested.
-14.61%
Cash On Cash
3.66%
Cap Rate
0.54
DSCR
$5,577
Rent
-$2,211
Cashflow
Cash Flow
$5,577 income − $7,788 expenses = $2,211 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,793
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,577
Total Expenses
$7,788
Mortgage P&I
78%
$4,366
Property Taxes
22%
$1,205
Home Insurance
5%
$272
HOA
1%
$50
Property Management
12%
$669
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$613