This property looks like a bad Mid-Term investment with a projected -10.89% first-year return on $176k initial cash invested.
-10.89%
Cash On Cash
4.15%
Cap Rate
0.65
DSCR
$4,484
Rent
-$1,600
Cashflow
Cash Flow
$4,484 income − $6,084 expenses = $1,600 out of pocket
Investment Breakdown
|
Purchase Price
$754k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$151k
Closing costs
1%
$7,540
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,484
Total Expenses
$6,084
Mortgage P&I
90%
$4,028
Property Taxes
6%
$252
Home Insurance
6%
$280
HOA
0%
$0
Property Management
12%
$538
CapEx
4%
$179
Vacancy
3%
$135
Maintenance
4%
$179
Other
11%
$493