This property looks like a bad Mid-Term investment with a projected -12.06% first-year return on $181k initial cash invested.
-12.06%
Cash On Cash
3.79%
Cap Rate
0.6
DSCR
$4,118
Rent
-$1,817
Cashflow
Cash Flow
$4,118 income − $5,935 expenses = $1,817 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,118
Total Expenses
$5,935
Mortgage P&I
99%
$4,097
Property Taxes
4%
$166
Home Insurance
7%
$271
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453