This property looks like a bad Mid-Term investment with a projected -8.24% first-year return on $179k initial cash invested.
-8.24%
Cash On Cash
5%
Cap Rate
0.77
DSCR
$6,574
Rent
-$1,227
Cashflow
Cash Flow
$6,574 income − $7,801 expenses = $1,227 out of pocket
Investment Breakdown
|
Purchase Price
$765k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,654
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,574
Total Expenses
$7,801
Mortgage P&I
63%
$4,155
Property Taxes
17%
$1,149
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$789
CapEx
4%
$263
Vacancy
3%
$197
Maintenance
4%
$263
Other
11%
$723