This property looks like a bad Mid-Term investment with a projected -3.12% first-year return on $176k initial cash invested.
-3.12%
Cash On Cash
6.08%
Cap Rate
0.95
DSCR
$6,846
Rent
-$456
Cashflow
Cash Flow
$6,846 income − $7,302 expenses = $456 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
7.0%
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
$6,846
Total Expenses
$7,302
Mortgage P&I
58%
$3,981
Property Taxes
11%
$731
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$822
CapEx
4%
$274
Vacancy
3%
$205
Maintenance
4%
$274
Other
11%
$753