This property looks like a bad Mid-Term investment with a projected -11.64% first-year return on $181k initial cash invested.
-11.64%
Cash On Cash
4.01%
Cap Rate
0.62
DSCR
$4,458
Rent
-$1,760
Cashflow
Cash Flow
$4,458 income − $6,218 expenses = $1,760 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$156k
Closing costs
1%
$7,785
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,458
Total Expenses
$6,218
Mortgage P&I
94%
$4,181
Property Taxes
3%
$127
Home Insurance
6%
$272
HOA
3%
$123
Property Management
12%
$535
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$490