This property looks like a bad Mid-Term investment with a projected -3.81% first-year return on $178k initial cash invested.
-3.81%
Cash On Cash
5.96%
Cap Rate
0.93
DSCR
$6,838
Rent
-$564
Cashflow
Cash Flow
$6,838 income − $7,402 expenses = $564 out of pocket
Investment Breakdown
|
Purchase Price
$760k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$152k
Closing costs
1%
$7,600
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,838
Total Expenses
$7,402
Mortgage P&I
59%
$4,063
Property Taxes
11%
$747
Home Insurance
4%
$266
HOA
0%
$0
Property Management
12%
$821
CapEx
4%
$274
Vacancy
3%
$205
Maintenance
4%
$274
Other
11%
$752