This property looks like a bad Mid-Term investment with a projected -4.27% first-year return on $176k initial cash invested.
-4.27%
Cash On Cash
6.06%
Cap Rate
0.92
DSCR
$6,960
Rent
-$624
Cashflow
Cash Flow
$6,960 income − $7,584 expenses = $624 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$150k
Closing costs
1%
$7,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,960
Total Expenses
$7,584
Mortgage P&I
59%
$4,135
Property Taxes
11%
$788
Home Insurance
4%
$262
HOA
0%
$33
Property Management
12%
$835
CapEx
4%
$278
Vacancy
3%
$209
Maintenance
4%
$278
Other
11%
$766