This property looks like a bad Mid-Term investment with a projected -10.22% first-year return on $180k initial cash invested.
-10.22%
Cash On Cash
4.25%
Cap Rate
0.67
DSCR
$5,376
Rent
-$1,531
Cashflow
Cash Flow
$5,376 income − $6,907 expenses = $1,531 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$154k
Closing costs
1%
$7,703
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,376
Total Expenses
$6,907
Mortgage P&I
75%
$4,046
Property Taxes
13%
$693
Home Insurance
6%
$341
HOA
0%
$0
Property Management
12%
$645
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$591