This property looks like a bad Mid-Term investment with a projected -13.14% first-year return on $177k initial cash invested.
-13.14%
Cash On Cash
3.68%
Cap Rate
0.57
DSCR
$4,203
Rent
-$1,942
Cashflow
Cash Flow
$4,203 income − $6,145 expenses = $1,942 out of pocket
Investment Breakdown
|
Purchase Price
$759k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$152k
Closing costs
1%
$7,590
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,203
Total Expenses
$6,145
Mortgage P&I
98%
$4,099
Property Taxes
8%
$352
Home Insurance
6%
$266
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462