This property looks like a bad Mid-Term investment with a projected -18.52% first-year return on $181k initial cash invested.
-18.52%
Cash On Cash
2.34%
Cap Rate
0.36
DSCR
$3,186
Rent
-$2,790
Cashflow
Cash Flow
$3,186 income − $5,976 expenses = $2,790 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,750
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,186
Total Expenses
$5,976
Mortgage P&I
131%
$4,172
Property Taxes
14%
$451
Home Insurance
9%
$271
HOA
0%
$0
Property Management
12%
$382
CapEx
4%
$127
Vacancy
3%
$96
Maintenance
4%
$127
Other
11%
$350