This property looks like a bad Mid-Term investment with a projected -7.03% first-year return on $176k initial cash invested.
-7.03%
Cash On Cash
5.11%
Cap Rate
0.81
DSCR
$6,678
Rent
-$1,028
Cashflow
Cash Flow
$6,678 income − $7,706 expenses = $1,028 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$150k
Closing costs
1%
$7,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,678
Total Expenses
$7,706
Mortgage P&I
59%
$3,957
Property Taxes
18%
$1,217
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$801
CapEx
4%
$267
Vacancy
3%
$200
Maintenance
4%
$267
Other
11%
$735