This property looks like a bad Mid-Term investment with a projected -14.51% first-year return on $181k initial cash invested.
-14.51%
Cash On Cash
3.54%
Cap Rate
0.54
DSCR
$5,076
Rent
-$2,190
Cashflow
Cash Flow
$5,076 income − $7,266 expenses = $2,190 out of pocket
Investment Breakdown
|
Purchase Price
$777k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,770
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,076
Total Expenses
$7,266
Mortgage P&I
84%
$4,277
Property Taxes
14%
$732
Home Insurance
5%
$272
HOA
5%
$260
Property Management
12%
$609
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$558