This property looks like a bad Mid-Term investment with a projected -13.46% first-year return on $177k initial cash invested.
-13.46%
Cash On Cash
3.59%
Cap Rate
0.55
DSCR
$4,144
Rent
-$1,990
Cashflow
Cash Flow
$4,144 income − $6,134 expenses = $1,990 out of pocket
Investment Breakdown
|
Purchase Price
$759k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$152k
Closing costs
1%
$7,594
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,144
Total Expenses
$6,134
Mortgage P&I
99%
$4,097
Property Taxes
8%
$332
Home Insurance
7%
$271
HOA
1%
$25
Property Management
12%
$497
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$456