This property looks like a bad Mid-Term investment with a projected -12.25% first-year return on $177k initial cash invested.
-12.25%
Cash On Cash
3.99%
Cap Rate
0.61
DSCR
$5,025
Rent
-$1,803
Cashflow
Cash Flow
$5,025 income − $6,828 expenses = $1,803 out of pocket
Investment Breakdown
|
Purchase Price
$755k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$151k
Closing costs
1%
$7,550
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,025
Total Expenses
$6,828
Mortgage P&I
82%
$4,113
Property Taxes
15%
$742
Home Insurance
5%
$264
HOA
0%
$0
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553