This property looks like a bad Mid-Term investment with a projected -5.82% first-year return on $174k initial cash invested.
-5.82%
Cash On Cash
5.66%
Cap Rate
0.86
DSCR
$7,158
Rent
-$842
Cashflow
Cash Flow
$7,158 income − $8,000 expenses = $842 out of pocket
Investment Breakdown
|
Purchase Price
$741k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$148k
Closing costs
1%
$7,406
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,158
Total Expenses
$8,000
Mortgage P&I
57%
$4,051
Property Taxes
18%
$1,288
Home Insurance
3%
$228
HOA
0%
$0
Property Management
12%
$859
CapEx
4%
$286
Vacancy
3%
$215
Maintenance
4%
$286
Other
11%
$787