This property looks like a bad Mid-Term investment with a projected -8.59% first-year return on $177k initial cash invested.
-8.59%
Cash On Cash
4.92%
Cap Rate
0.76
DSCR
$6,660
Rent
-$1,270
Cashflow
Cash Flow
$6,660 income − $7,930 expenses = $1,270 out of pocket
Investment Breakdown
|
Purchase Price
$759k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$152k
Closing costs
1%
$7,591
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,660
Total Expenses
$7,930
Mortgage P&I
62%
$4,115
Property Taxes
19%
$1,285
Home Insurance
4%
$266
HOA
0%
$0
Property Management
12%
$799
CapEx
4%
$266
Vacancy
3%
$200
Maintenance
4%
$266
Other
11%
$733