This property looks like a bad Mid-Term investment with a projected -11.62% first-year return on $178k initial cash invested.
-11.62%
Cash On Cash
4.05%
Cap Rate
0.64
DSCR
$6,218
Rent
-$1,721
Cashflow
Cash Flow
$6,218 income − $7,939 expenses = $1,721 out of pocket
Investment Breakdown
|
Purchase Price
$761k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$152k
Closing costs
1%
$7,608
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,218
Total Expenses
$7,939
Mortgage P&I
65%
$4,038
Property Taxes
21%
$1,331
Home Insurance
4%
$270
HOA
3%
$185
Property Management
12%
$746
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$684