This property looks like a bad Mid-Term investment with a projected -14.6% first-year return on $179k initial cash invested.
-14.6%
Cash On Cash
3.45%
Cap Rate
0.52
DSCR
$4,448
Rent
-$2,184
Cashflow
Cash Flow
$4,448 income − $6,632 expenses = $2,184 out of pocket
Investment Breakdown
|
Purchase Price
$769k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$154k
Closing costs
1%
$7,688
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,448
Total Expenses
$6,632
Mortgage P&I
95%
$4,219
Property Taxes
14%
$630
Home Insurance
6%
$271
HOA
0%
$0
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489