This property looks like a bad Mid-Term investment with a projected -4.84% first-year return on $174k initial cash invested.
-4.84%
Cash On Cash
5.36%
Cap Rate
0.88
DSCR
$6,294
Rent
-$700
Cashflow
Cash Flow
$6,294 income − $6,994 expenses = $700 out of pocket
Investment Breakdown
|
Purchase Price
$741k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$148k
Closing costs
1%
$7,410
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,294
Total Expenses
$6,994
Mortgage P&I
60%
$3,756
Property Taxes
13%
$836
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$755
CapEx
4%
$252
Vacancy
3%
$189
Maintenance
4%
$252
Other
11%
$692