This property looks like a bad Mid-Term investment with a projected -5.93% first-year return on $172k initial cash invested.
-5.93%
Cash On Cash
5.13%
Cap Rate
0.84
DSCR
$6,200
Rent
-$850
Cashflow
Cash Flow
$6,200 income − $7,050 expenses = $850 out of pocket
Investment Breakdown
|
Purchase Price
$733k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$147k
Closing costs
1%
$7,334
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,200
Total Expenses
$7,050
Mortgage P&I
60%
$3,739
Property Taxes
15%
$958
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$744
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$682