This property looks like a bad Mid-Term investment with a projected -10.23% first-year return on $178k initial cash invested.
-10.23%
Cash On Cash
4.05%
Cap Rate
0.66
DSCR
$4,677
Rent
-$1,514
Cashflow
Cash Flow
$4,677 income − $6,191 expenses = $1,514 out of pocket
Investment Breakdown
|
Purchase Price
$760k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$152k
Closing costs
1%
$7,601
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,677
Total Expenses
$6,191
Mortgage P&I
83%
$3,892
Property Taxes
9%
$439
Home Insurance
6%
$271
HOA
0%
$0
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$514