This property looks like a bad Mid-Term investment with a projected -6.84% first-year return on $178k initial cash invested.
-6.84%
Cash On Cash
4.87%
Cap Rate
0.8
DSCR
$5,670
Rent
-$1,017
Cashflow
Cash Flow
$5,670 income − $6,687 expenses = $1,017 out of pocket
Investment Breakdown
|
Purchase Price
$764k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$153k
Closing costs
1%
$7,637
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,670
Total Expenses
$6,687
Mortgage P&I
69%
$3,891
Property Taxes
11%
$644
Home Insurance
4%
$224
HOA
0%
$0
Property Management
12%
$680
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$624