This property looks like a bad Mid-Term investment with a projected -2.68% first-year return on $175k initial cash invested.
-2.68%
Cash On Cash
6.34%
Cap Rate
0.97
DSCR
$6,476
Rent
-$392
Cashflow
Cash Flow
$6,476 income − $6,868 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,486
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,476
Total Expenses
$6,868
Mortgage P&I
63%
$4,085
Property Taxes
1%
$36
Home Insurance
4%
$271
HOA
4%
$275
Property Management
12%
$777
CapEx
4%
$259
Vacancy
3%
$194
Maintenance
4%
$259
Other
11%
$712