This property looks like a bad Mid-Term investment with a projected -6.4% first-year return on $179k initial cash invested.
-6.4%
Cash On Cash
5.51%
Cap Rate
0.84
DSCR
$7,113
Rent
-$952
Cashflow
Cash Flow
$7,113 income − $8,065 expenses = $952 out of pocket
Investment Breakdown
|
Purchase Price
$765k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,649
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,113
Total Expenses
$8,065
Mortgage P&I
59%
$4,180
Property Taxes
17%
$1,195
Home Insurance
4%
$271
HOA
0%
$0
Property Management
12%
$854
CapEx
4%
$285
Vacancy
3%
$213
Maintenance
4%
$285
Other
11%
$782