This property looks like a bad Mid-Term investment with a projected -10.75% first-year return on $181k initial cash invested.
-10.75%
Cash On Cash
4.29%
Cap Rate
0.67
DSCR
$5,622
Rent
-$1,623
Cashflow
Cash Flow
$5,622 income − $7,245 expenses = $1,623 out of pocket
Investment Breakdown
|
Purchase Price
$777k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,768
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,622
Total Expenses
$7,245
Mortgage P&I
74%
$4,177
Property Taxes
13%
$724
Home Insurance
5%
$269
HOA
3%
$163
Property Management
12%
$675
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$618