This property looks like a bad Mid-Term investment with a projected -10.88% first-year return on $177k initial cash invested.
-10.88%
Cash On Cash
4.3%
Cap Rate
0.66
DSCR
$5,601
Rent
-$1,603
Cashflow
Cash Flow
$5,601 income − $7,204 expenses = $1,603 out of pocket
Investment Breakdown
|
Purchase Price
$756k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$177k
Downpayment
20%
$151k
Closing costs
1%
$7,562
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,601
Total Expenses
$7,204
Mortgage P&I
73%
$4,086
Property Taxes
17%
$943
Home Insurance
5%
$271
HOA
0%
$0
Property Management
12%
$672
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$616