This property looks like a bad Mid-Term investment with a projected -19.42% first-year return on $177k initial cash invested.
-19.42%
Cash On Cash
2.37%
Cap Rate
0.35
DSCR
$3,602
Rent
-$2,867
Cashflow
Cash Flow
$3,602 income − $6,469 expenses = $2,867 out of pocket
Investment Breakdown
|
Purchase Price
$758k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$152k
Closing costs
1%
$7,580
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,602
Total Expenses
$6,469
Mortgage P&I
117%
$4,218
Property Taxes
21%
$749
Home Insurance
8%
$278
HOA
0%
$0
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396