This property looks like a bad Mid-Term investment with a projected -13.33% first-year return on $179k initial cash invested.
-13.33%
Cash On Cash
3.38%
Cap Rate
0.54
DSCR
$4,208
Rent
-$1,987
Cashflow
Cash Flow
$4,208 income − $6,195 expenses = $1,987 out of pocket
Investment Breakdown
|
Purchase Price
$766k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,659
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,208
Total Expenses
$6,195
Mortgage P&I
94%
$3,974
Property Taxes
11%
$469
Home Insurance
7%
$280
HOA
1%
$42
Property Management
12%
$505
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$463