This property looks like a bad Mid-Term investment with a projected -12.09% first-year return on $181k initial cash invested.
-12.09%
Cash On Cash
3.96%
Cap Rate
0.61
DSCR
$5,060
Rent
-$1,820
Cashflow
Cash Flow
$5,060 income − $6,880 expenses = $1,820 out of pocket
Investment Breakdown
|
Purchase Price
$774k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,744
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,060
Total Expenses
$6,880
Mortgage P&I
82%
$4,173
Property Taxes
14%
$707
Home Insurance
6%
$280
HOA
0%
$0
Property Management
12%
$607
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$557