This property looks like a bad Mid-Term investment with a projected -11.93% first-year return on $177k initial cash invested.
-11.93%
Cash On Cash
3.84%
Cap Rate
0.61
DSCR
$4,467
Rent
-$1,764
Cashflow
Cash Flow
$4,467 income − $6,231 expenses = $1,764 out of pocket
Investment Breakdown
|
Purchase Price
$759k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$152k
Closing costs
1%
$7,591
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,467
Total Expenses
$6,231
Mortgage P&I
90%
$4,014
Property Taxes
9%
$422
Home Insurance
6%
$276
HOA
0%
$0
Property Management
12%
$536
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$491