This property looks like a bad Mid-Term investment with a projected -10.15% first-year return on $177k initial cash invested.
-10.15%
Cash On Cash
3.92%
Cap Rate
0.66
DSCR
$4,968
Rent
-$1,499
Cashflow
Cash Flow
$4,968 income − $6,467 expenses = $1,499 out of pocket
Investment Breakdown
|
Purchase Price
$758k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$152k
Closing costs
1%
$7,580
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,968
Total Expenses
$6,467
Mortgage P&I
76%
$3,773
Property Taxes
15%
$727
Home Insurance
6%
$278
HOA
0%
$0
Property Management
12%
$596
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$546