This property looks like a bad Mid-Term investment with a projected -2.34% first-year return on $174k initial cash invested.
-2.34%
Cash On Cash
5.93%
Cap Rate
0.98
DSCR
$6,408
Rent
-$340
Cashflow
Cash Flow
$6,408 income − $6,748 expenses = $340 out of pocket
Investment Breakdown
|
Purchase Price
$743k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,433
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,408
Total Expenses
$6,748
Mortgage P&I
59%
$3,758
Property Taxes
9%
$546
Home Insurance
4%
$266
HOA
0%
$0
Property Management
12%
$769
CapEx
4%
$256
Vacancy
3%
$192
Maintenance
4%
$256
Other
11%
$705