This property looks like a bad Mid-Term investment with a projected -12.76% first-year return on $181k initial cash invested.
-12.76%
Cash On Cash
3.69%
Cap Rate
0.58
DSCR
$4,184
Rent
-$1,922
Cashflow
Cash Flow
$4,184 income − $6,106 expenses = $1,922 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,184
Total Expenses
$6,106
Mortgage P&I
99%
$4,135
Property Taxes
7%
$278
Home Insurance
6%
$271
HOA
0%
$0
Property Management
12%
$502
CapEx
4%
$167
Vacancy
3%
$126
Maintenance
4%
$167
Other
11%
$460