This property looks like a bad Mid-Term investment with a projected -4.83% first-year return on $179k initial cash invested.
-4.83%
Cash On Cash
5.34%
Cap Rate
0.88
DSCR
$6,026
Rent
-$720
Cashflow
Cash Flow
$6,026 income − $6,746 expenses = $720 out of pocket
Investment Breakdown
|
Purchase Price
$766k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,659
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,026
Total Expenses
$6,746
Mortgage P&I
64%
$3,885
Property Taxes
9%
$537
Home Insurance
5%
$275
HOA
0%
$0
Property Management
12%
$723
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$663