This property looks like a bad Mid-Term investment with a projected -12.28% first-year return on $178k initial cash invested.
-12.28%
Cash On Cash
3.83%
Cap Rate
0.6
DSCR
$4,710
Rent
-$1,824
Cashflow
Cash Flow
$4,710 income − $6,534 expenses = $1,824 out of pocket
Investment Breakdown
|
Purchase Price
$763k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$153k
Closing costs
1%
$7,631
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,710
Total Expenses
$6,534
Mortgage P&I
86%
$4,072
Property Taxes
12%
$568
Home Insurance
6%
$271
HOA
0%
$23
Property Management
12%
$565
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$518