This property looks like a bad Mid-Term investment with a projected -5.68% first-year return on $178k initial cash invested.
-5.68%
Cash On Cash
5.12%
Cap Rate
0.84
DSCR
$5,692
Rent
-$843
Cashflow
Cash Flow
$5,692 income − $6,535 expenses = $843 out of pocket
Investment Breakdown
|
Purchase Price
$762k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$152k
Closing costs
1%
$7,620
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,692
Total Expenses
$6,535
Mortgage P&I
68%
$3,868
Property Taxes
8%
$461
Home Insurance
5%
$270
HOA
0%
$0
Property Management
12%
$683
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$626