This property looks like a bad Mid-Term investment with a projected -14.7% first-year return on $179k initial cash invested.
-14.7%
Cash On Cash
3.43%
Cap Rate
0.52
DSCR
$3,908
Rent
-$2,188
Cashflow
Cash Flow
$3,908 income − $6,096 expenses = $2,188 out of pocket
Investment Breakdown
|
Purchase Price
$765k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,650
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,908
Total Expenses
$6,096
Mortgage P&I
108%
$4,217
Property Taxes
7%
$283
Home Insurance
7%
$268
HOA
0%
$0
Property Management
12%
$469
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$430