This property looks like a bad Mid-Term investment with a projected -15.8% first-year return on $181k initial cash invested.
-15.8%
Cash On Cash
2.99%
Cap Rate
0.47
DSCR
$4,104
Rent
-$2,384
Cashflow
Cash Flow
$4,104 income − $6,488 expenses = $2,384 out of pocket
Investment Breakdown
|
Purchase Price
$777k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,767
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,104
Total Expenses
$6,488
Mortgage P&I
101%
$4,154
Property Taxes
16%
$661
Home Insurance
7%
$279
HOA
0%
$0
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451