This property looks like a bad Mid-Term investment with a projected -5.87% first-year return on $179k initial cash invested.
-5.87%
Cash On Cash
5.56%
Cap Rate
0.86
DSCR
$6,884
Rent
-$877
Cashflow
Cash Flow
$6,884 income − $7,761 expenses = $877 out of pocket
Investment Breakdown
|
Purchase Price
$768k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$154k
Closing costs
1%
$7,683
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,884
Total Expenses
$7,761
Mortgage P&I
60%
$4,161
Property Taxes
14%
$987
Home Insurance
4%
$273
HOA
0%
$0
Property Management
12%
$826
CapEx
4%
$275
Vacancy
3%
$207
Maintenance
4%
$275
Other
11%
$757