This property looks like a bad Mid-Term investment with a projected -14.01% first-year return on $177k initial cash invested.
-14.01%
Cash On Cash
3.57%
Cap Rate
0.55
DSCR
$4,668
Rent
-$2,066
Cashflow
Cash Flow
$4,668 income − $6,734 expenses = $2,066 out of pocket
Investment Breakdown
|
Purchase Price
$757k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$151k
Closing costs
1%
$7,571
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,668
Total Expenses
$6,734
Mortgage P&I
89%
$4,132
Property Taxes
16%
$744
Home Insurance
6%
$271
HOA
0%
$0
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$513