This property looks like a bad Mid-Term investment with a projected -3.04% first-year return on $181k initial cash invested.
-3.04%
Cash On Cash
6.15%
Cap Rate
0.96
DSCR
$7,522
Rent
-$459
Cashflow
Cash Flow
$7,522 income − $7,981 expenses = $459 out of pocket
Investment Breakdown
|
Purchase Price
$778k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$156k
Closing costs
1%
$7,781
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,522
Total Expenses
$7,981
Mortgage P&I
55%
$4,148
Property Taxes
13%
$1,004
Home Insurance
4%
$271
HOA
0%
$0
Property Management
12%
$903
CapEx
4%
$301
Vacancy
3%
$226
Maintenance
4%
$301
Other
11%
$827