This property looks like a bad Mid-Term investment with a projected -7.23% first-year return on $181k initial cash invested.
-7.23%
Cash On Cash
4.96%
Cap Rate
0.79
DSCR
$5,836
Rent
-$1,092
Cashflow
Cash Flow
$5,836 income − $6,928 expenses = $1,092 out of pocket
Investment Breakdown
|
Purchase Price
$777k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,770
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,836
Total Expenses
$6,928
Mortgage P&I
70%
$4,071
Property Taxes
10%
$602
Home Insurance
5%
$272
HOA
0%
$0
Property Management
12%
$700
CapEx
4%
$233
Vacancy
3%
$175
Maintenance
4%
$233
Other
11%
$642