This property looks like a bad Mid-Term investment with a projected -6.95% first-year return on $171k initial cash invested.
-6.95%
Cash On Cash
5.23%
Cap Rate
0.81
DSCR
$5,938
Rent
-$993
Cashflow
Cash Flow
$5,938 income − $6,931 expenses = $993 out of pocket
Investment Breakdown
|
Purchase Price
$731k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,305
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,938
Total Expenses
$6,931
Mortgage P&I
66%
$3,937
Property Taxes
12%
$718
Home Insurance
4%
$256
HOA
0%
$0
Property Management
12%
$713
CapEx
4%
$238
Vacancy
3%
$178
Maintenance
4%
$238
Other
11%
$653