This property looks like a bad Mid-Term investment with a projected -1.36% first-year return on $175k initial cash invested.
-1.36%
Cash On Cash
6.71%
Cap Rate
1.02
DSCR
$7,480
Rent
-$199
Cashflow
Cash Flow
$7,480 income − $7,679 expenses = $199 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,480
Total Expenses
$7,679
Mortgage P&I
55%
$4,093
Property Taxes
10%
$781
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$898
CapEx
4%
$299
Vacancy
3%
$224
Maintenance
4%
$299
Other
11%
$823