This property looks like a bad Mid-Term investment with a projected -4.02% first-year return on $179k initial cash invested.
-4.02%
Cash On Cash
6.18%
Cap Rate
0.93
DSCR
$7,234
Rent
-$598
Cashflow
Cash Flow
$7,234 income − $7,832 expenses = $598 out of pocket
Investment Breakdown
|
Purchase Price
$765k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,650
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,234
Total Expenses
$7,832
Mortgage P&I
59%
$4,249
Property Taxes
12%
$862
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$868
CapEx
4%
$289
Vacancy
3%
$217
Maintenance
4%
$289
Other
11%
$796