This property looks like a bad Mid-Term investment with a projected -15.82% first-year return on $181k initial cash invested.
-15.82%
Cash On Cash
2.64%
Cap Rate
0.43
DSCR
$4,083
Rent
-$2,393
Cashflow
Cash Flow
$4,083 income − $6,476 expenses = $2,393 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$156k
Closing costs
1%
$7,785
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,083
Total Expenses
$6,476
Mortgage P&I
97%
$3,941
Property Taxes
21%
$864
Home Insurance
7%
$284
HOA
0%
$0
Property Management
12%
$490
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$449