This property looks like a bad Mid-Term investment with a projected -4.02% first-year return on $177k initial cash invested.
-4.02%
Cash On Cash
5.52%
Cap Rate
0.9
DSCR
$5,664
Rent
-$592
Cashflow
Cash Flow
$5,664 income − $6,256 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$757k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$151k
Closing costs
1%
$7,565
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,664
Total Expenses
$6,256
Mortgage P&I
68%
$3,842
Property Taxes
4%
$219
Home Insurance
5%
$268
HOA
0%
$0
Property Management
12%
$680
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$623