This property looks like a bad Mid-Term investment with a projected -7.67% first-year return on $179k initial cash invested.
-7.67%
Cash On Cash
5.09%
Cap Rate
0.78
DSCR
$6,021
Rent
-$1,147
Cashflow
Cash Flow
$6,021 income − $7,168 expenses = $1,147 out of pocket
Investment Breakdown
|
Purchase Price
$769k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$154k
Closing costs
1%
$7,690
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,021
Total Expenses
$7,168
Mortgage P&I
69%
$4,165
Property Taxes
11%
$686
Home Insurance
4%
$269
HOA
0%
$0
Property Management
12%
$723
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$662