This property looks like a bad Mid-Term investment with a projected -6.95% first-year return on $171k initial cash invested.
-6.95%
Cash On Cash
4.84%
Cap Rate
0.79
DSCR
$5,704
Rent
-$988
Cashflow
Cash Flow
$5,704 income − $6,692 expenses = $988 out of pocket
Investment Breakdown
|
Purchase Price
$726k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$145k
Closing costs
1%
$7,264
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,704
Total Expenses
$6,692
Mortgage P&I
65%
$3,687
Property Taxes
13%
$724
Home Insurance
5%
$262
HOA
1%
$81
Property Management
12%
$684
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$627