This property looks like a bad Mid-Term investment with a projected -11.94% first-year return on $180k initial cash invested.
-11.94%
Cash On Cash
4.05%
Cap Rate
0.62
DSCR
$4,983
Rent
-$1,794
Cashflow
Cash Flow
$4,983 income − $6,777 expenses = $1,794 out of pocket
Investment Breakdown
|
Purchase Price
$773k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$155k
Closing costs
1%
$7,729
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,983
Total Expenses
$6,777
Mortgage P&I
84%
$4,204
Property Taxes
12%
$600
Home Insurance
6%
$280
HOA
0%
$0
Property Management
12%
$598
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$548