This property looks like a bad Mid-Term investment with a projected -3.92% first-year return on $175k initial cash invested.
-3.92%
Cash On Cash
5.81%
Cap Rate
0.92
DSCR
$6,249
Rent
-$573
Cashflow
Cash Flow
$6,249 income − $6,822 expenses = $573 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
6.9%
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
$6,249
Total Expenses
$6,822
Mortgage P&I
63%
$3,956
Property Taxes
8%
$480
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$750
CapEx
4%
$250
Vacancy
3%
$187
Maintenance
4%
$250
Other
11%
$687