This property looks like a bad Mid-Term investment with a projected -3.34% first-year return on $176k initial cash invested.
-3.34%
Cash On Cash
5.77%
Cap Rate
0.94
DSCR
$6,166
Rent
-$488
Cashflow
Cash Flow
$6,166 income − $6,654 expenses = $488 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$150k
Closing costs
1%
$7,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,166
Total Expenses
$6,654
Mortgage P&I
62%
$3,849
Property Taxes
7%
$446
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$740
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$678