This property looks like a bad Mid-Term investment with a projected -6.32% first-year return on $172k initial cash invested.
-6.32%
Cash On Cash
5.03%
Cap Rate
0.82
DSCR
$5,728
Rent
-$907
Cashflow
Cash Flow
$5,728 income − $6,635 expenses = $907 out of pocket
Investment Breakdown
|
Purchase Price
$735k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$147k
Closing costs
1%
$7,348
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,728
Total Expenses
$6,635
Mortgage P&I
66%
$3,755
Property Taxes
12%
$662
Home Insurance
5%
$271
HOA
0%
$0
Property Management
12%
$687
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$630