This property looks like a bad Mid-Term investment with a projected -21.9% first-year return on $177k initial cash invested.
-21.9%
Cash On Cash
1.05%
Cap Rate
0.17
DSCR
$1,552
Rent
-$3,225
Cashflow
Cash Flow
$1,552 income − $4,777 expenses = $3,225 out of pocket
Investment Breakdown
|
Purchase Price
$756k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$151k
Closing costs
1%
$7,558
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,552
Total Expenses
$4,777
Mortgage P&I
246%
$3,825
Property Taxes
9%
$144
Home Insurance
18%
$280
HOA
0%
$0
Property Management
12%
$186
CapEx
4%
$62
Vacancy
3%
$47
Maintenance
4%
$62
Other
11%
$171