This property looks like a bad Mid-Term investment with a projected -8.37% first-year return on $180k initial cash invested.
-8.37%
Cash On Cash
4.49%
Cap Rate
0.74
DSCR
$5,660
Rent
-$1,259
Cashflow
Cash Flow
$5,660 income − $6,919 expenses = $1,259 out of pocket
Investment Breakdown
|
Purchase Price
$774k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$155k
Closing costs
1%
$7,736
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,660
Total Expenses
$6,919
Mortgage P&I
69%
$3,926
Property Taxes
14%
$798
Home Insurance
5%
$271
HOA
0%
$0
Property Management
12%
$679
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$623