This property looks like a bad Mid-Term investment with a projected -10.98% first-year return on $179k initial cash invested.
-10.98%
Cash On Cash
3.96%
Cap Rate
0.63
DSCR
$4,548
Rent
-$1,637
Cashflow
Cash Flow
$4,548 income − $6,185 expenses = $1,637 out of pocket
Investment Breakdown
|
Purchase Price
$766k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,663
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,548
Total Expenses
$6,185
Mortgage P&I
88%
$3,986
Property Taxes
8%
$364
Home Insurance
6%
$268
HOA
0%
$21
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$500