This property looks like a bad Mid-Term investment with a projected -3.89% first-year return on $173k initial cash invested.
-3.89%
Cash On Cash
6.02%
Cap Rate
0.93
DSCR
$6,682
Rent
-$560
Cashflow
Cash Flow
$6,682 income − $7,242 expenses = $560 out of pocket
Investment Breakdown
|
Purchase Price
$737k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$147k
Closing costs
1%
$7,373
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,682
Total Expenses
$7,242
Mortgage P&I
60%
$3,993
Property Taxes
10%
$663
Home Insurance
5%
$315
HOA
0%
$0
Property Management
12%
$802
CapEx
4%
$267
Vacancy
3%
$200
Maintenance
4%
$267
Other
11%
$735