This property looks like a bad Mid-Term investment with a projected -6.84% first-year return on $178k initial cash invested.
-6.84%
Cash On Cash
5.25%
Cap Rate
0.82
DSCR
$7,352
Rent
-$1,017
Cashflow
Cash Flow
$7,352 income − $8,369 expenses = $1,017 out of pocket
Investment Breakdown
|
Purchase Price
$764k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$153k
Closing costs
1%
$7,642
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,352
Total Expenses
$8,369
Mortgage P&I
55%
$4,067
Property Taxes
15%
$1,139
Home Insurance
9%
$663
HOA
0%
$0
Property Management
12%
$882
CapEx
4%
$294
Vacancy
3%
$221
Maintenance
4%
$294
Other
11%
$809