This property looks like a bad Mid-Term investment with a projected -13.86% first-year return on $179k initial cash invested.
-13.86%
Cash On Cash
3.44%
Cap Rate
0.54
DSCR
$4,182
Rent
-$2,073
Cashflow
Cash Flow
$4,182 income − $6,255 expenses = $2,073 out of pocket
Investment Breakdown
|
Purchase Price
$769k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,182
Total Expenses
$6,255
Mortgage P&I
98%
$4,110
Property Taxes
8%
$345
Home Insurance
6%
$269
HOA
3%
$110
Property Management
12%
$502
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$460