This property looks like a bad Mid-Term investment with a projected -10.41% first-year return on $177k initial cash invested.
-10.41%
Cash On Cash
4.43%
Cap Rate
0.68
DSCR
$5,248
Rent
-$1,537
Cashflow
Cash Flow
$5,248 income − $6,785 expenses = $1,537 out of pocket
Investment Breakdown
|
Purchase Price
$758k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$152k
Closing costs
1%
$7,578
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,248
Total Expenses
$6,785
Mortgage P&I
79%
$4,127
Property Taxes
11%
$603
Home Insurance
5%
$271
HOA
0%
$0
Property Management
12%
$630
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$577