This property looks like a bad Mid-Term investment with a projected -3.8% first-year return on $175k initial cash invested.
-3.8%
Cash On Cash
5.44%
Cap Rate
0.91
DSCR
$5,586
Rent
-$555
Cashflow
Cash Flow
$5,586 income − $6,141 expenses = $555 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
6.3%
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
$5,586
Total Expenses
$6,141
Mortgage P&I
67%
$3,725
Property Taxes
5%
$256
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$670
CapEx
4%
$223
Vacancy
3%
$168
Maintenance
4%
$223
Other
11%
$614