This property looks like a bad Mid-Term investment with a projected -18.82% first-year return on $179k initial cash invested.
-18.82%
Cash On Cash
2.36%
Cap Rate
0.36
DSCR
$3,506
Rent
-$2,805
Cashflow
Cash Flow
$3,506 income − $6,311 expenses = $2,805 out of pocket
Investment Breakdown
|
Purchase Price
$766k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,661
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,506
Total Expenses
$6,311
Mortgage P&I
119%
$4,171
Property Taxes
19%
$668
Home Insurance
8%
$280
HOA
0%
$0
Property Management
12%
$421
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$386