This property looks like a bad Mid-Term investment with a projected -13.99% first-year return on $180k initial cash invested.
-13.99%
Cash On Cash
3.42%
Cap Rate
0.53
DSCR
$4,605
Rent
-$2,102
Cashflow
Cash Flow
$4,605 income − $6,707 expenses = $2,102 out of pocket
Investment Breakdown
|
Purchase Price
$773k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$180k
Downpayment
20%
$155k
Closing costs
1%
$7,730
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,605
Total Expenses
$6,707
Mortgage P&I
90%
$4,122
Property Taxes
16%
$739
Home Insurance
6%
$280
HOA
0%
$0
Property Management
12%
$553
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$507