This property looks like a bad Mid-Term investment with a projected -7.55% first-year return on $179k initial cash invested.
-7.55%
Cash On Cash
5.13%
Cap Rate
0.79
DSCR
$6,212
Rent
-$1,129
Cashflow
Cash Flow
$6,212 income − $7,341 expenses = $1,129 out of pocket
Investment Breakdown
|
Purchase Price
$769k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$154k
Closing costs
1%
$7,686
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,212
Total Expenses
$7,341
Mortgage P&I
67%
$4,164
Property Taxes
13%
$794
Home Insurance
4%
$273
HOA
0%
$0
Property Management
12%
$745
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$683