This property looks like a bad Mid-Term investment with a projected -8.7% first-year return on $180k initial cash invested.
-8.7%
Cash On Cash
4.86%
Cap Rate
0.74
DSCR
$5,544
Rent
-$1,305
Cashflow
Cash Flow
$5,544 income − $6,849 expenses = $1,305 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%
$7,716
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,544
Total Expenses
$6,849
Mortgage P&I
76%
$4,211
Property Taxes
9%
$478
Home Insurance
5%
$275
HOA
0%
$0
Property Management
12%
$665
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$610