This property looks like a bad Mid-Term investment with a projected -13.24% first-year return on $180k initial cash invested.
-13.24%
Cash On Cash
3.32%
Cap Rate
0.54
DSCR
$3,714
Rent
-$1,982
Cashflow
Cash Flow
$3,714 income − $5,696 expenses = $1,982 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,700
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,714
Total Expenses
$5,696
Mortgage P&I
107%
$3,961
Property Taxes
5%
$201
Home Insurance
7%
$270
HOA
0%
$0
Property Management
12%
$446
CapEx
4%
$149
Vacancy
3%
$111
Maintenance
4%
$149
Other
11%
$409