This property looks like a bad Mid-Term investment with a projected -14.36% first-year return on $179k initial cash invested.
-14.36%
Cash On Cash
2.97%
Cap Rate
0.49
DSCR
$3,357
Rent
-$2,139
Cashflow
Cash Flow
$3,357 income − $5,496 expenses = $2,139 out of pocket
Investment Breakdown
|
Purchase Price
$765k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,652
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,357
Total Expenses
$5,496
Mortgage P&I
116%
$3,900
Property Taxes
5%
$182
Home Insurance
8%
$273
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369