This property looks like a bad Mid-Term investment with a projected -15.52% first-year return on $179k initial cash invested.
-15.52%
Cash On Cash
2.93%
Cap Rate
0.46
DSCR
$3,348
Rent
-$2,322
Cashflow
Cash Flow
$3,348 income − $5,670 expenses = $2,322 out of pocket
Investment Breakdown
|
Purchase Price
$769k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$154k
Closing costs
1%
$7,690
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,348
Total Expenses
$5,670
Mortgage P&I
121%
$4,063
Property Taxes
6%
$200
Home Insurance
8%
$269
HOA
0%
$0
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368