This property looks like a bad Mid-Term investment with a projected -9.6% first-year return on $176k initial cash invested.
-9.6%
Cash On Cash
4.73%
Cap Rate
0.72
DSCR
$6,444
Rent
-$1,409
Cashflow
Cash Flow
$6,444 income − $7,853 expenses = $1,409 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%
$7,528
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,444
Total Expenses
$7,853
Mortgage P&I
64%
$4,117
Property Taxes
15%
$985
Home Insurance
4%
$275
HOA
4%
$285
Property Management
12%
$773
CapEx
4%
$258
Vacancy
3%
$193
Maintenance
4%
$258
Other
11%
$709