This property looks like a bad Mid-Term investment with a projected -7.25% first-year return on $181k initial cash invested.
-7.25%
Cash On Cash
4.73%
Cap Rate
0.78
DSCR
$5,544
Rent
-$1,092
Cashflow
Cash Flow
$5,544 income − $6,636 expenses = $1,092 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
6.5%
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
$5,544
Total Expenses
$6,636
Mortgage P&I
71%
$3,927
Property Taxes
10%
$553
Home Insurance
5%
$271
HOA
0%
$0
Property Management
12%
$665
CapEx
4%
$222
Vacancy
3%
$166
Maintenance
4%
$222
Other
11%
$610