This property looks like a bad Mid-Term investment with a projected -9.86% first-year return on $181k initial cash invested.
-9.86%
Cash On Cash
4.2%
Cap Rate
0.68
DSCR
$4,784
Rent
-$1,489
Cashflow
Cash Flow
$4,784 income − $6,273 expenses = $1,489 out of pocket
Investment Breakdown
|
Purchase Price
$777k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,774
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,784
Total Expenses
$6,273
Mortgage P&I
84%
$4,018
Property Taxes
7%
$354
Home Insurance
6%
$275
HOA
0%
$0
Property Management
12%
$574
CapEx
4%
$191
Vacancy
3%
$144
Maintenance
4%
$191
Other
11%
$526