This property looks like a bad Mid-Term investment with a projected -1.34% first-year return on $172k initial cash invested.
-1.34%
Cash On Cash
6.84%
Cap Rate
1.02
DSCR
$7,335
Rent
-$192
Cashflow
Cash Flow
$7,335 income − $7,527 expenses = $192 out of pocket
Investment Breakdown
|
Purchase Price
$734k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$147k
Closing costs
1%
$7,342
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,335
Total Expenses
$7,527
Mortgage P&I
56%
$4,084
Property Taxes
9%
$691
Home Insurance
4%
$259
HOA
0%
$0
Property Management
12%
$880
CapEx
4%
$293
Vacancy
3%
$220
Maintenance
4%
$293
Other
11%
$807