This property looks like a bad Mid-Term investment with a projected -5.33% first-year return on $176k initial cash invested.
-5.33%
Cash On Cash
5.71%
Cap Rate
0.88
DSCR
$7,370
Rent
-$783
Cashflow
Cash Flow
$7,370 income − $8,153 expenses = $783 out of pocket
Investment Breakdown
|
Purchase Price
$753k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$151k
Closing costs
1%
$7,534
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,370
Total Expenses
$8,153
Mortgage P&I
55%
$4,070
Property Taxes
13%
$954
Home Insurance
5%
$343
HOA
4%
$280
Property Management
12%
$884
CapEx
4%
$295
Vacancy
3%
$221
Maintenance
4%
$295
Other
11%
$811