This property looks like a bad Mid-Term investment with a projected -9.99% first-year return on $179k initial cash invested.
-9.99%
Cash On Cash
4.09%
Cap Rate
0.67
DSCR
$4,755
Rent
-$1,486
Cashflow
Cash Flow
$4,755 income − $6,241 expenses = $1,486 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%
$7,646
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,755
Total Expenses
$6,241
Mortgage P&I
82%
$3,903
Property Taxes
9%
$422
Home Insurance
6%
$280
HOA
0%
$19
Property Management
12%
$571
CapEx
4%
$190
Vacancy
3%
$143
Maintenance
4%
$190
Other
11%
$523