This property looks like a bad Mid-Term investment with a projected -15.84% first-year return on $179k initial cash invested.
-15.84%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$3,558
Rent
-$2,358
Cashflow
Cash Flow
$3,558 income − $5,916 expenses = $2,358 out of pocket
Investment Breakdown
|
Purchase Price
$765k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,648
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,558
Total Expenses
$5,916
Mortgage P&I
117%
$4,152
Property Taxes
8%
$285
Home Insurance
8%
$268
HOA
0%
$2
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$391