This property looks like a bad Mid-Term investment with a projected -13.73% first-year return on $179k initial cash invested.
-13.73%
Cash On Cash
3.17%
Cap Rate
0.51
DSCR
$3,482
Rent
-$2,050
Cashflow
Cash Flow
$3,482 income − $5,532 expenses = $2,050 out of pocket
Investment Breakdown
|
Purchase Price
$768k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$154k
Closing costs
1%
$7,675
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,482
Total Expenses
$5,532
Mortgage P&I
113%
$3,936
Property Taxes
4%
$133
Home Insurance
8%
$280
HOA
0%
$0
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$383