This property looks like a bad Mid-Term investment with a projected -17.35% first-year return on $180k initial cash invested.
-17.35%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$4,254
Rent
-$2,606
Cashflow
Cash Flow
$4,254 income − $6,860 expenses = $2,606 out of pocket
Investment Breakdown
|
Purchase Price
$772k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,724
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,254
Total Expenses
$6,860
Mortgage P&I
99%
$4,225
Property Taxes
22%
$916
Home Insurance
6%
$273
HOA
0%
$0
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468