This property looks like a bad Mid-Term investment with a projected -19.54% first-year return on $178k initial cash invested.
-19.54%
Cash On Cash
2.18%
Cap Rate
0.33
DSCR
$3,081
Rent
-$2,906
Cashflow
Cash Flow
$3,081 income − $5,987 expenses = $2,906 out of pocket
Investment Breakdown
|
Purchase Price
$764k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$153k
Closing costs
1%
$7,642
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,081
Total Expenses
$5,987
Mortgage P&I
135%
$4,171
Property Taxes
15%
$472
Home Insurance
9%
$287
HOA
0%
$10
Property Management
12%
$370
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$339