This property looks like a bad Mid-Term investment with a projected -6.59% first-year return on $171k initial cash invested.
-6.59%
Cash On Cash
5.29%
Cap Rate
0.82
DSCR
$6,124
Rent
-$937
Cashflow
Cash Flow
$6,124 income − $7,061 expenses = $937 out of pocket
Investment Breakdown
|
Purchase Price
$727k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$145k
Closing costs
1%
$7,265
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,124
Total Expenses
$7,061
Mortgage P&I
64%
$3,894
Property Taxes
8%
$494
Home Insurance
4%
$271
HOA
5%
$319
Property Management
12%
$735
CapEx
4%
$245
Vacancy
3%
$184
Maintenance
4%
$245
Other
11%
$674