This property looks like a bad Mid-Term investment with a projected -8.48% first-year return on $177k initial cash invested.
-8.48%
Cash On Cash
5%
Cap Rate
0.76
DSCR
$6,020
Rent
-$1,247
Cashflow
Cash Flow
$6,020 income − $7,267 expenses = $1,247 out of pocket
Investment Breakdown
|
Purchase Price
$755k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$151k
Closing costs
1%
$7,548
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,020
Total Expenses
$7,267
Mortgage P&I
69%
$4,148
Property Taxes
13%
$810
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$722
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$662