This property looks like a bad Mid-Term investment with a projected -2.47% first-year return on $174k initial cash invested.
-2.47%
Cash On Cash
6.19%
Cap Rate
0.99
DSCR
$7,604
Rent
-$357
Cashflow
Cash Flow
$7,604 income − $7,961 expenses = $357 out of pocket
Investment Breakdown
|
Purchase Price
$741k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$148k
Closing costs
1%
$7,410
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,604
Total Expenses
$7,961
Mortgage P&I
51%
$3,874
Property Taxes
12%
$910
Home Insurance
8%
$593
HOA
0%
$0
Property Management
12%
$912
CapEx
4%
$304
Vacancy
3%
$228
Maintenance
4%
$304
Other
11%
$836