This property looks like a bad Mid-Term investment with a projected -18.38% first-year return on $176k initial cash invested.
-18.38%
Cash On Cash
2.39%
Cap Rate
0.37
DSCR
$3,297
Rent
-$2,699
Cashflow
Cash Flow
$3,297 income − $5,996 expenses = $2,699 out of pocket
Investment Breakdown
|
Purchase Price
$753k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$151k
Closing costs
1%
$7,532
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,297
Total Expenses
$5,996
Mortgage P&I
123%
$4,064
Property Taxes
16%
$541
Home Insurance
8%
$269
HOA
0%
$0
Property Management
12%
$396
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$363