This property looks like a bad Mid-Term investment with a projected -2.7% first-year return on $175k initial cash invested.
-2.7%
Cash On Cash
6.35%
Cap Rate
0.97
DSCR
$7,077
Rent
-$394
Cashflow
Cash Flow
$7,077 income − $7,471 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,077
Total Expenses
$7,471
Mortgage P&I
58%
$4,074
Property Taxes
10%
$730
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$849
CapEx
4%
$283
Vacancy
3%
$212
Maintenance
4%
$283
Other
11%
$778