This property looks like a bad Mid-Term investment with a projected -7.6% first-year return on $178k initial cash invested.
-7.6%
Cash On Cash
4.99%
Cap Rate
0.78
DSCR
$5,858
Rent
-$1,129
Cashflow
Cash Flow
$5,858 income − $6,987 expenses = $1,129 out of pocket
Investment Breakdown
|
Purchase Price
$763k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$153k
Closing costs
1%
$7,633
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,858
Total Expenses
$6,987
Mortgage P&I
69%
$4,069
Property Taxes
11%
$665
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$703
CapEx
4%
$234
Vacancy
3%
$176
Maintenance
4%
$234
Other
11%
$644