This property looks like a bad Mid-Term investment with a projected -15.41% first-year return on $181k initial cash invested.
-15.41%
Cash On Cash
3.19%
Cap Rate
0.49
DSCR
$3,666
Rent
-$2,329
Cashflow
Cash Flow
$3,666 income − $5,995 expenses = $2,329 out of pocket
Investment Breakdown
|
Purchase Price
$778k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$156k
Closing costs
1%
$7,781
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,666
Total Expenses
$5,995
Mortgage P&I
116%
$4,252
Property Taxes
6%
$212
Home Insurance
8%
$284
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$403