This property looks like a bad Mid-Term investment with a projected -19.35% first-year return on $181k initial cash invested.
-19.35%
Cash On Cash
2.12%
Cap Rate
0.33
DSCR
$3,440
Rent
-$2,915
Cashflow
Cash Flow
$3,440 income − $6,355 expenses = $2,915 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,440
Total Expenses
$6,355
Mortgage P&I
120%
$4,144
Property Taxes
21%
$712
Home Insurance
8%
$271
HOA
2%
$58
Property Management
12%
$413
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$378