This property looks like a bad Mid-Term investment with a projected -9.33% first-year return on $180k initial cash invested.
-9.33%
Cash On Cash
4.67%
Cap Rate
0.72
DSCR
$5,565
Rent
-$1,401
Cashflow
Cash Flow
$5,565 income − $6,966 expenses = $1,401 out of pocket
Investment Breakdown
|
Purchase Price
$773k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$155k
Closing costs
1%
$7,726
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,565
Total Expenses
$6,966
Mortgage P&I
75%
$4,186
Property Taxes
11%
$611
Home Insurance
5%
$276
HOA
0%
$0
Property Management
12%
$668
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$612