This property looks like a bad Mid-Term investment with a projected -4.35% first-year return on $172k initial cash invested.
-4.35%
Cash On Cash
5.64%
Cap Rate
0.9
DSCR
$6,004
Rent
-$625
Cashflow
Cash Flow
$6,004 income − $6,629 expenses = $625 out of pocket
Investment Breakdown
|
Purchase Price
$735k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$147k
Closing costs
1%
$7,345
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,004
Total Expenses
$6,629
Mortgage P&I
64%
$3,838
Property Taxes
8%
$480
Home Insurance
5%
$271
HOA
0%
$0
Property Management
12%
$720
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$660