This property looks like a bad Mid-Term investment with a projected -9.43% first-year return on $179k initial cash invested.
-9.43%
Cash On Cash
4.58%
Cap Rate
0.71
DSCR
$5,788
Rent
-$1,404
Cashflow
Cash Flow
$5,788 income − $7,192 expenses = $1,404 out of pocket
Investment Breakdown
|
Purchase Price
$765k
Downpayment
20.0%
Interest Rate
7.0%
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
$5,788
Total Expenses
$7,192
Mortgage P&I
71%
$4,089
Property Taxes
12%
$676
Home Insurance
5%
$268
HOA
3%
$189
Property Management
12%
$695
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$637