This property looks like a bad Mid-Term investment with a projected -2.2% first-year return on $172k initial cash invested.
-2.2%
Cash On Cash
6.03%
Cap Rate
0.99
DSCR
$6,914
Rent
-$315
Cashflow
Cash Flow
$6,914 income − $7,229 expenses = $315 out of pocket
Investment Breakdown
|
Purchase Price
$732k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$146k
Closing costs
1%
$7,322
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,914
Total Expenses
$7,229
Mortgage P&I
54%
$3,717
Property Taxes
14%
$959
Home Insurance
3%
$201
HOA
0%
$0
Property Management
12%
$830
CapEx
4%
$277
Vacancy
3%
$207
Maintenance
4%
$277
Other
11%
$761