This property looks like a bad Mid-Term investment with a projected -18.96% first-year return on $181k initial cash invested.
-18.96%
Cash On Cash
2.23%
Cap Rate
0.35
DSCR
$3,066
Rent
-$2,866
Cashflow
Cash Flow
$3,066 income − $5,932 expenses = $2,866 out of pocket
Investment Breakdown
|
Purchase Price
$778k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,066
Total Expenses
$5,932
Mortgage P&I
137%
$4,188
Property Taxes
14%
$421
Home Insurance
9%
$280
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337