This property looks like a bad Mid-Term investment with a projected -11.37% first-year return on $176k initial cash invested.
-11.37%
Cash On Cash
4.25%
Cap Rate
0.65
DSCR
$5,588
Rent
-$1,668
Cashflow
Cash Flow
$5,588 income − $7,256 expenses = $1,668 out of pocket
Investment Breakdown
|
Purchase Price
$753k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$151k
Closing costs
1%
$7,526
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,588
Total Expenses
$7,256
Mortgage P&I
74%
$4,107
Property Taxes
17%
$976
Home Insurance
5%
$271
HOA
0%
$0
Property Management
12%
$671
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$615