This property looks like a bad Mid-Term investment with a projected -7.85% first-year return on $178k initial cash invested.
-7.85%
Cash On Cash
5.11%
Cap Rate
0.79
DSCR
$7,524
Rent
-$1,165
Cashflow
Cash Flow
$7,524 income − $8,689 expenses = $1,165 out of pocket
Investment Breakdown
|
Purchase Price
$762k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$152k
Closing costs
1%
$7,622
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,524
Total Expenses
$8,689
Mortgage P&I
55%
$4,107
Property Taxes
14%
$1,042
Home Insurance
3%
$262
HOA
10%
$719
Property Management
12%
$903
CapEx
4%
$301
Vacancy
3%
$226
Maintenance
4%
$301
Other
11%
$828