This property looks like a bad Mid-Term investment with a projected -8.35% first-year return on $180k initial cash invested.
-8.35%
Cash On Cash
5.03%
Cap Rate
0.76
DSCR
$6,264
Rent
-$1,250
Cashflow
Cash Flow
$6,264 income − $7,514 expenses = $1,250 out of pocket
Investment Breakdown
|
Purchase Price
$769k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,693
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,264
Total Expenses
$7,514
Mortgage P&I
67%
$4,223
Property Taxes
14%
$880
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$752
CapEx
4%
$251
Vacancy
3%
$188
Maintenance
4%
$251
Other
11%
$689