This property looks like a bad Mid-Term investment with a projected -10.8% first-year return on $179k initial cash invested.
-10.8%
Cash On Cash
3.85%
Cap Rate
0.63
DSCR
$4,196
Rent
-$1,608
Cashflow
Cash Flow
$4,196 income − $5,804 expenses = $1,608 out of pocket
Investment Breakdown
|
Purchase Price
$765k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$153k
Closing costs
1%
$7,649
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,196
Total Expenses
$5,804
Mortgage P&I
93%
$3,892
Property Taxes
4%
$154
Home Insurance
7%
$280
HOA
1%
$50
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462