This property looks like a bad Mid-Term investment with a projected -1.95% first-year return on $172k initial cash invested.
-1.95%
Cash On Cash
6.4%
Cap Rate
0.99
DSCR
$6,476
Rent
-$279
Cashflow
Cash Flow
$6,476 income − $6,755 expenses = $279 out of pocket
Investment Breakdown
|
Purchase Price
$732k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$146k
Closing costs
1%
$7,315
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,476
Total Expenses
$6,755
Mortgage P&I
61%
$3,921
Property Taxes
5%
$327
Home Insurance
4%
$256
HOA
1%
$50
Property Management
12%
$777
CapEx
4%
$259
Vacancy
3%
$194
Maintenance
4%
$259
Other
11%
$712