This property looks like a bad Mid-Term investment with a projected -7.79% first-year return on $179k initial cash invested.
-7.79%
Cash On Cash
5.08%
Cap Rate
0.78
DSCR
$6,600
Rent
-$1,161
Cashflow
Cash Flow
$6,600 income − $7,761 expenses = $1,161 out of pocket
Investment Breakdown
|
Purchase Price
$766k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,655
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,600
Total Expenses
$7,761
Mortgage P&I
63%
$4,138
Property Taxes
17%
$1,109
Home Insurance
4%
$262
HOA
0%
$8
Property Management
12%
$792
CapEx
4%
$264
Vacancy
3%
$198
Maintenance
4%
$264
Other
11%
$726