This property looks like a bad Mid-Term investment with a projected -9.99% first-year return on $180k initial cash invested.
-9.99%
Cash On Cash
4.43%
Cap Rate
0.69
DSCR
$5,540
Rent
-$1,498
Cashflow
Cash Flow
$5,540 income − $7,038 expenses = $1,498 out of pocket
Investment Breakdown
|
Purchase Price
$771k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,709
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,540
Total Expenses
$7,038
Mortgage P&I
74%
$4,121
Property Taxes
14%
$762
Home Insurance
5%
$271
HOA
0%
$0
Property Management
12%
$665
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$609