This property looks like a bad Mid-Term investment with a projected -3.92% first-year return on $175k initial cash invested.
-3.92%
Cash On Cash
6.02%
Cap Rate
0.93
DSCR
$6,789
Rent
-$572
Cashflow
Cash Flow
$6,789 income − $7,361 expenses = $572 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,789
Total Expenses
$7,361
Mortgage P&I
60%
$4,059
Property Taxes
11%
$730
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$815
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$747