This property looks like a bad Mid-Term investment with a projected -17.97% first-year return on $179k initial cash invested.
-17.97%
Cash On Cash
2.67%
Cap Rate
0.4
DSCR
$3,518
Rent
-$2,681
Cashflow
Cash Flow
$3,518 income − $6,199 expenses = $2,681 out of pocket
Investment Breakdown
|
Purchase Price
$767k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,667
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,518
Total Expenses
$6,199
Mortgage P&I
121%
$4,246
Property Taxes
14%
$483
Home Insurance
8%
$273
HOA
0%
$0
Property Management
12%
$422
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$387