This property looks like a bad Mid-Term investment with a projected -12.5% first-year return on $176k initial cash invested.
-12.5%
Cash On Cash
3.83%
Cap Rate
0.59
DSCR
$4,437
Rent
-$1,831
Cashflow
Cash Flow
$4,437 income − $6,268 expenses = $1,831 out of pocket
Investment Breakdown
|
Purchase Price
$752k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$150k
Closing costs
1%
$7,516
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,437
Total Expenses
$6,268
Mortgage P&I
91%
$4,055
Property Taxes
10%
$440
Home Insurance
6%
$266
HOA
0%
$0
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$488