This property looks like a bad Mid-Term investment with a projected -10.51% first-year return on $181k initial cash invested.
-10.51%
Cash On Cash
4.29%
Cap Rate
0.67
DSCR
$5,314
Rent
-$1,581
Cashflow
Cash Flow
$5,314 income − $6,895 expenses = $1,581 out of pocket
Investment Breakdown
|
Purchase Price
$774k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,740
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,314
Total Expenses
$6,895
Mortgage P&I
78%
$4,137
Property Taxes
13%
$682
Home Insurance
5%
$268
HOA
0%
$0
Property Management
12%
$638
CapEx
4%
$213
Vacancy
3%
$159
Maintenance
4%
$213
Other
11%
$585