This property looks like a bad Mid-Term investment with a projected -11.66% first-year return on $181k initial cash invested.
-11.66%
Cash On Cash
4.25%
Cap Rate
0.64
DSCR
$5,044
Rent
-$1,756
Cashflow
Cash Flow
$5,044 income − $6,800 expenses = $1,756 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$181k
Downpayment
20%
$155k
Closing costs
1%
$7,749
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,044
Total Expenses
$6,800
Mortgage P&I
85%
$4,297
Property Taxes
10%
$517
Home Insurance
5%
$271
HOA
0%
$0
Property Management
12%
$605
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555