This property looks like a bad Mid-Term investment with a projected -15.12% first-year return on $177k initial cash invested.
-15.12%
Cash On Cash
3.63%
Cap Rate
0.53
DSCR
$4,516
Rent
-$2,227
Cashflow
Cash Flow
$4,516 income − $6,743 expenses = $2,227 out of pocket
Investment Breakdown
|
Purchase Price
$756k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$151k
Closing costs
1%
$7,559
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,516
Total Expenses
$6,743
Mortgage P&I
96%
$4,332
Property Taxes
6%
$281
Home Insurance
6%
$273
HOA
7%
$321
Property Management
12%
$542
CapEx
4%
$181
Vacancy
3%
$135
Maintenance
4%
$181
Other
11%
$497