This property looks like a bad Mid-Term investment with a projected -5.47% first-year return on $177k initial cash invested.
-5.47%
Cash On Cash
5.43%
Cap Rate
0.86
DSCR
$6,600
Rent
-$807
Cashflow
Cash Flow
$6,600 income − $7,407 expenses = $807 out of pocket
Investment Breakdown
|
Purchase Price
$758k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$152k
Closing costs
1%
$7,575
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,600
Total Expenses
$7,407
Mortgage P&I
60%
$3,973
Property Taxes
14%
$919
Home Insurance
4%
$271
HOA
0%
$0
Property Management
12%
$792
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$726