This property looks like a bad Mid-Term investment with a projected -13.41% first-year return on $180k initial cash invested.
-13.41%
Cash On Cash
3.4%
Cap Rate
0.54
DSCR
$3,936
Rent
-$2,006
Cashflow
Cash Flow
$3,936 income − $5,942 expenses = $2,006 out of pocket
Investment Breakdown
|
Purchase Price
$769k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,692
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,936
Total Expenses
$5,942
Mortgage P&I
102%
$4,028
Property Taxes
8%
$297
Home Insurance
7%
$280
HOA
0%
$0
Property Management
12%
$472
CapEx
4%
$157
Vacancy
3%
$118
Maintenance
4%
$157
Other
11%
$433