This property looks like a bad Mid-Term investment with a projected -13.38% first-year return on $180k initial cash invested.
-13.38%
Cash On Cash
3.19%
Cap Rate
0.53
DSCR
$3,888
Rent
-$2,004
Cashflow
Cash Flow
$3,888 income − $5,892 expenses = $2,004 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,700
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,888
Total Expenses
$5,892
Mortgage P&I
100%
$3,897
Property Taxes
10%
$401
Home Insurance
7%
$270
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428