This property looks like a bad Mid-Term investment with a projected -2.34% first-year return on $173k initial cash invested.
-2.34%
Cash On Cash
6.3%
Cap Rate
0.98
DSCR
$6,824
Rent
-$338
Cashflow
Cash Flow
$6,824 income − $7,162 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,388
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,824
Total Expenses
$7,162
Mortgage P&I
58%
$3,941
Property Taxes
9%
$614
Home Insurance
4%
$286
HOA
0%
$0
Property Management
12%
$819
CapEx
4%
$273
Vacancy
3%
$205
Maintenance
4%
$273
Other
11%
$751