This property looks like a bad Mid-Term investment with a projected -5.54% first-year return on $172k initial cash invested.
-5.54%
Cash On Cash
5.51%
Cap Rate
0.86
DSCR
$6,219
Rent
-$795
Cashflow
Cash Flow
$6,219 income − $7,014 expenses = $795 out of pocket
Investment Breakdown
|
Purchase Price
$735k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$147k
Closing costs
1%
$7,350
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,219
Total Expenses
$7,014
Mortgage P&I
63%
$3,919
Property Taxes
12%
$723
Home Insurance
4%
$257
HOA
0%
$0
Property Management
12%
$746
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$684