This property looks like a bad Mid-Term investment with a projected -8.25% first-year return on $181k initial cash invested.
-8.25%
Cash On Cash
4.84%
Cap Rate
0.76
DSCR
$5,932
Rent
-$1,241
Cashflow
Cash Flow
$5,932 income − $7,173 expenses = $1,241 out of pocket
Investment Breakdown
|
Purchase Price
$774k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,743
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,932
Total Expenses
$7,173
Mortgage P&I
70%
$4,129
Property Taxes
13%
$756
Home Insurance
5%
$271
HOA
0%
$0
Property Management
12%
$712
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$653