This property looks like a bad Mid-Term investment with a projected -5.1% first-year return on $176k initial cash invested.
-5.1%
Cash On Cash
5.38%
Cap Rate
0.87
DSCR
$5,684
Rent
-$746
Cashflow
Cash Flow
$5,684 income − $6,430 expenses = $746 out of pocket
Investment Breakdown
|
Purchase Price
$751k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$150k
Closing costs
1%
$7,506
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,684
Total Expenses
$6,430
Mortgage P&I
68%
$3,882
Property Taxes
6%
$347
Home Insurance
5%
$269
HOA
0%
$0
Property Management
12%
$682
CapEx
4%
$227
Vacancy
3%
$171
Maintenance
4%
$227
Other
11%
$625