This property looks like a bad Mid-Term investment with a projected -9.7% first-year return on $181k initial cash invested.
-9.7%
Cash On Cash
4.49%
Cap Rate
0.7
DSCR
$5,638
Rent
-$1,466
Cashflow
Cash Flow
$5,638 income − $7,104 expenses = $1,466 out of pocket
Investment Breakdown
|
Purchase Price
$778k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$156k
Closing costs
1%
$7,780
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,638
Total Expenses
$7,104
Mortgage P&I
74%
$4,149
Property Taxes
14%
$765
Home Insurance
5%
$272
HOA
0%
$0
Property Management
12%
$677
CapEx
4%
$226
Vacancy
3%
$169
Maintenance
4%
$226
Other
11%
$620