This property looks like a bad Mid-Term investment with a projected -16.22% first-year return on $181k initial cash invested.
-16.22%
Cash On Cash
3%
Cap Rate
0.46
DSCR
$3,654
Rent
-$2,443
Cashflow
Cash Flow
$3,654 income − $6,097 expenses = $2,443 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,654
Total Expenses
$6,097
Mortgage P&I
116%
$4,235
Property Taxes
10%
$349
Home Insurance
7%
$271
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402