This property looks like a bad Mid-Term investment with a projected -5.17% first-year return on $173k initial cash invested.
-5.17%
Cash On Cash
5.25%
Cap Rate
0.87
DSCR
$6,236
Rent
-$746
Cashflow
Cash Flow
$6,236 income − $6,982 expenses = $746 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,392
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,236
Total Expenses
$6,982
Mortgage P&I
60%
$3,731
Property Taxes
14%
$870
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$748
CapEx
4%
$249
Vacancy
3%
$187
Maintenance
4%
$249
Other
11%
$686