This property looks like a bad Mid-Term investment with a projected -14.79% first-year return on $181k initial cash invested.
-14.79%
Cash On Cash
2.87%
Cap Rate
0.47
DSCR
$3,378
Rent
-$2,228
Cashflow
Cash Flow
$3,378 income − $5,606 expenses = $2,228 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,378
Total Expenses
$5,606
Mortgage P&I
117%
$3,949
Property Taxes
7%
$238
Home Insurance
8%
$271
HOA
0%
$0
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$372