This property looks like a bad Mid-Term investment with a projected -5.49% first-year return on $172k initial cash invested.
-5.49%
Cash On Cash
5.25%
Cap Rate
0.85
DSCR
$5,750
Rent
-$788
Cashflow
Cash Flow
$5,750 income − $6,538 expenses = $788 out of pocket
Investment Breakdown
|
Purchase Price
$734k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$147k
Closing costs
1%
$7,340
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,750
Total Expenses
$6,538
Mortgage P&I
66%
$3,772
Property Taxes
10%
$550
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$690
CapEx
4%
$230
Vacancy
3%
$172
Maintenance
4%
$230
Other
11%
$632