This property looks like a bad Mid-Term investment with a projected -13.45% first-year return on $178k initial cash invested.
-13.45%
Cash On Cash
3.42%
Cap Rate
0.54
DSCR
$4,353
Rent
-$1,996
Cashflow
Cash Flow
$4,353 income − $6,349 expenses = $1,996 out of pocket
Investment Breakdown
|
Purchase Price
$762k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$178k
Downpayment
20%
$152k
Closing costs
1%
$7,624
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,353
Total Expenses
$6,349
Mortgage P&I
92%
$3,997
Property Taxes
14%
$615
Home Insurance
6%
$257
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479