This property looks like a bad Mid-Term investment with a projected -6.08% first-year return on $177k initial cash invested.
-6.08%
Cash On Cash
5.07%
Cap Rate
0.83
DSCR
$6,290
Rent
-$898
Cashflow
Cash Flow
$6,290 income − $7,188 expenses = $898 out of pocket
Investment Breakdown
|
Purchase Price
$759k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$152k
Closing costs
1%
$7,586
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,290
Total Expenses
$7,188
Mortgage P&I
61%
$3,853
Property Taxes
15%
$933
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$755
CapEx
4%
$252
Vacancy
3%
$189
Maintenance
4%
$252
Other
11%
$692