This property looks like a bad Mid-Term investment with a projected -8.24% first-year return on $175k initial cash invested.
-8.24%
Cash On Cash
4.87%
Cap Rate
0.76
DSCR
$5,877
Rent
-$1,201
Cashflow
Cash Flow
$5,877 income − $7,078 expenses = $1,201 out of pocket
Investment Breakdown
|
Purchase Price
$747k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$149k
Closing costs
1%
$7,467
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,877
Total Expenses
$7,078
Mortgage P&I
68%
$3,998
Property Taxes
13%
$736
Home Insurance
4%
$262
HOA
1%
$85
Property Management
12%
$705
CapEx
4%
$235
Vacancy
3%
$176
Maintenance
4%
$235
Other
11%
$646