This property looks like a bad Mid-Term investment with a projected -11.93% first-year return on $180k initial cash invested.
-11.93%
Cash On Cash
3.83%
Cap Rate
0.61
DSCR
$5,524
Rent
-$1,785
Cashflow
Cash Flow
$5,524 income − $7,309 expenses = $1,785 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%
$7,693
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,524
Total Expenses
$7,309
Mortgage P&I
73%
$4,022
Property Taxes
20%
$1,128
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$663
CapEx
4%
$221
Vacancy
3%
$166
Maintenance
4%
$221
Other
11%
$608