This property looks like a bad Mid-Term investment with a projected -12.33% first-year return on $180k initial cash invested.
-12.33%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$5,180
Rent
-$1,851
Cashflow
Cash Flow
$5,180 income − $7,031 expenses = $1,851 out of pocket
Investment Breakdown
|
Purchase Price
$772k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,721
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,180
Total Expenses
$7,031
Mortgage P&I
80%
$4,150
Property Taxes
16%
$844
Home Insurance
5%
$276
HOA
0%
$0
Property Management
12%
$622
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$570