This property looks like a bad Mid-Term investment with a projected -5.63% first-year return on $173k initial cash invested.
-5.63%
Cash On Cash
5.49%
Cap Rate
0.86
DSCR
$6,326
Rent
-$814
Cashflow
Cash Flow
$6,326 income − $7,140 expenses = $814 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,399
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,326
Total Expenses
$7,140
Mortgage P&I
62%
$3,948
Property Taxes
12%
$782
Home Insurance
4%
$259
HOA
0%
$0
Property Management
12%
$759
CapEx
4%
$253
Vacancy
3%
$190
Maintenance
4%
$253
Other
11%
$696