This property looks like a bad Mid-Term investment with a projected -14.9% first-year return on $181k initial cash invested.
-14.9%
Cash On Cash
3.47%
Cap Rate
0.52
DSCR
$5,175
Rent
-$2,245
Cashflow
Cash Flow
$5,175 income − $7,420 expenses = $2,245 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.4%
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
$5,175
Total Expenses
$7,420
Mortgage P&I
83%
$4,279
Property Taxes
21%
$1,111
Home Insurance
5%
$271
HOA
0%
$0
Property Management
12%
$621
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569