This property looks like a bad Mid-Term investment with a projected -14.04% first-year return on $182k initial cash invested.
-14.04%
Cash On Cash
3.7%
Cap Rate
0.55
DSCR
$4,844
Rent
-$2,126
Cashflow
Cash Flow
$4,844 income − $6,970 expenses = $2,126 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$182k
Downpayment
20%
$156k
Closing costs
1%
$7,794
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,844
Total Expenses
$6,970
Mortgage P&I
90%
$4,337
Property Taxes
15%
$706
Home Insurance
6%
$280
HOA
0%
$0
Property Management
12%
$581
CapEx
4%
$194
Vacancy
3%
$145
Maintenance
4%
$194
Other
11%
$533