This property looks like a bad Mid-Term investment with a projected -12.44% first-year return on $176k initial cash invested.
-12.44%
Cash On Cash
3.95%
Cap Rate
0.61
DSCR
$6,390
Rent
-$1,822
Cashflow
Cash Flow
$6,390 income − $8,212 expenses = $1,822 out of pocket
Investment Breakdown
|
Purchase Price
$751k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$150k
Closing costs
1%
$7,514
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,390
Total Expenses
$8,212
Mortgage P&I
63%
$4,042
Property Taxes
20%
$1,302
Home Insurance
8%
$488
HOA
3%
$206
Property Management
12%
$767
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$703