This property looks like a bad Mid-Term investment with a projected -9.04% first-year return on $176k initial cash invested.
-9.04%
Cash On Cash
4.35%
Cap Rate
0.71
DSCR
$4,994
Rent
-$1,326
Cashflow
Cash Flow
$4,994 income − $6,320 expenses = $1,326 out of pocket
Investment Breakdown
|
Purchase Price
$753k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$151k
Closing costs
1%
$7,526
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,994
Total Expenses
$6,320
Mortgage P&I
77%
$3,855
Property Taxes
9%
$433
Home Insurance
5%
$271
HOA
1%
$63
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549