This property looks like a bad Mid-Term investment with a projected -2.74% first-year return on $179k initial cash invested.
-2.74%
Cash On Cash
6.11%
Cap Rate
0.96
DSCR
$6,444
Rent
-$410
Cashflow
Cash Flow
$6,444 income − $6,854 expenses = $410 out of pocket
Investment Breakdown
|
Purchase Price
$768k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$154k
Closing costs
1%
$7,680
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,444
Total Expenses
$6,854
Mortgage P&I
63%
$4,061
Property Taxes
5%
$313
Home Insurance
4%
$289
HOA
0%
$0
Property Management
12%
$773
CapEx
4%
$258
Vacancy
3%
$193
Maintenance
4%
$258
Other
11%
$709