This property looks like a bad Mid-Term investment with a projected -15.08% first-year return on $181k initial cash invested.
-15.08%
Cash On Cash
3.17%
Cap Rate
0.49
DSCR
$3,315
Rent
-$2,271
Cashflow
Cash Flow
$3,315 income − $5,586 expenses = $2,271 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,315
Total Expenses
$5,586
Mortgage P&I
126%
$4,186
Property Taxes
0%
$1
Home Insurance
8%
$271
HOA
0%
$0
Property Management
12%
$398
CapEx
4%
$133
Vacancy
3%
$99
Maintenance
4%
$133
Other
11%
$365