This property looks like a bad Mid-Term investment with a projected -3.28% first-year return on $179k initial cash invested.
-3.28%
Cash On Cash
6.16%
Cap Rate
0.95
DSCR
$6,772
Rent
-$489
Cashflow
Cash Flow
$6,772 income − $7,261 expenses = $489 out of pocket
Investment Breakdown
|
Purchase Price
$766k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,661
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,772
Total Expenses
$7,261
Mortgage P&I
61%
$4,149
Property Taxes
8%
$538
Home Insurance
4%
$271
HOA
0%
$0
Property Management
12%
$813
CapEx
4%
$271
Vacancy
3%
$203
Maintenance
4%
$271
Other
11%
$745