This property looks like a bad Mid-Term investment with a projected -15.75% first-year return on $180k initial cash invested.
-15.75%
Cash On Cash
3.11%
Cap Rate
0.48
DSCR
$4,630
Rent
-$2,363
Cashflow
Cash Flow
$4,630 income − $6,993 expenses = $2,363 out of pocket
Investment Breakdown
|
Purchase Price
$772k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,718
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,630
Total Expenses
$6,993
Mortgage P&I
90%
$4,179
Property Taxes
21%
$962
Home Insurance
6%
$278
HOA
0%
$0
Property Management
12%
$556
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$509