This property looks like a bad Mid-Term investment with a projected -18.55% first-year return on $176k initial cash invested.
-18.55%
Cash On Cash
1.98%
Cap Rate
0.33
DSCR
$3,782
Rent
-$2,726
Cashflow
Cash Flow
$3,782 income − $6,508 expenses = $2,726 out of pocket
Investment Breakdown
|
Purchase Price
$754k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$151k
Closing costs
1%
$7,541
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,782
Total Expenses
$6,508
Mortgage P&I
101%
$3,822
Property Taxes
30%
$1,139
Home Insurance
7%
$262
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416