This property looks like a bad Mid-Term investment with a projected -15.66% first-year return on $182k initial cash invested.
-15.66%
Cash On Cash
3.28%
Cap Rate
0.49
DSCR
$4,576
Rent
-$2,374
Cashflow
Cash Flow
$4,576 income − $6,950 expenses = $2,374 out of pocket
Investment Breakdown
|
Purchase Price
$781k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,808
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,576
Total Expenses
$6,950
Mortgage P&I
94%
$4,322
Property Taxes
17%
$780
Home Insurance
6%
$280
HOA
0%
$13
Property Management
12%
$549
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$503