This property looks like a bad Mid-Term investment with a projected -6.76% first-year return on $177k initial cash invested.
-6.76%
Cash On Cash
5.28%
Cap Rate
0.82
DSCR
$6,196
Rent
-$998
Cashflow
Cash Flow
$6,196 income − $7,194 expenses = $998 out of pocket
Investment Breakdown
|
Purchase Price
$759k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$152k
Closing costs
1%
$7,585
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,196
Total Expenses
$7,194
Mortgage P&I
66%
$4,087
Property Taxes
12%
$737
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$744
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$682