This property looks like a bad Mid-Term investment with a projected -6.03% first-year return on $174k initial cash invested.
-6.03%
Cash On Cash
5.3%
Cap Rate
0.83
DSCR
$5,601
Rent
-$877
Cashflow
Cash Flow
$5,601 income − $6,478 expenses = $877 out of pocket
Investment Breakdown
|
Purchase Price
$745k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,450
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,601
Total Expenses
$6,478
Mortgage P&I
70%
$3,943
Property Taxes
7%
$370
Home Insurance
5%
$261
HOA
0%
$0
Property Management
12%
$672
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$616