This property looks like a bad Mid-Term investment with a projected -2.73% first-year return on $172k initial cash invested.
-2.73%
Cash On Cash
6.2%
Cap Rate
0.97
DSCR
$7,006
Rent
-$392
Cashflow
Cash Flow
$7,006 income − $7,398 expenses = $392 out of pocket
Investment Breakdown
|
Purchase Price
$734k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$147k
Closing costs
1%
$7,343
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$7,006
Total Expenses
$7,398
Mortgage P&I
56%
$3,904
Property Taxes
11%
$771
Home Insurance
5%
$341
HOA
0%
$0
Property Management
12%
$841
CapEx
4%
$280
Vacancy
3%
$210
Maintenance
4%
$280
Other
11%
$771