This property looks like a bad Mid-Term investment with a projected -3.2% first-year return on $179k initial cash invested.
-3.2%
Cash On Cash
5.81%
Cap Rate
0.95
DSCR
$6,831
Rent
-$477
Cashflow
Cash Flow
$6,831 income − $7,308 expenses = $477 out of pocket
Investment Breakdown
|
Purchase Price
$766k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,656
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,831
Total Expenses
$7,308
Mortgage P&I
57%
$3,908
Property Taxes
12%
$805
Home Insurance
4%
$273
HOA
0%
$0
Property Management
12%
$820
CapEx
4%
$273
Vacancy
3%
$205
Maintenance
4%
$273
Other
11%
$751