This property looks like a bad Mid-Term investment with a projected -8.42% first-year return on $177k initial cash invested.
-8.42%
Cash On Cash
4.46%
Cap Rate
0.73
DSCR
$5,223
Rent
-$1,241
Cashflow
Cash Flow
$5,223 income − $6,464 expenses = $1,241 out of pocket
Investment Breakdown
|
Purchase Price
$756k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$151k
Closing costs
1%
$7,563
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,223
Total Expenses
$6,464
Mortgage P&I
74%
$3,840
Property Taxes
11%
$576
Home Insurance
5%
$271
HOA
0%
$0
Property Management
12%
$627
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$575