This property looks like a bad Mid-Term investment with a projected -16.69% first-year return on $179k initial cash invested.
-16.69%
Cash On Cash
2.93%
Cap Rate
0.45
DSCR
$4,422
Rent
-$2,492
Cashflow
Cash Flow
$4,422 income − $6,914 expenses = $2,492 out of pocket
Investment Breakdown
|
Purchase Price
$768k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$154k
Closing costs
1%
$7,676
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,422
Total Expenses
$6,914
Mortgage P&I
95%
$4,189
Property Taxes
13%
$578
Home Insurance
6%
$278
HOA
8%
$365
Property Management
12%
$531
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$486