This property looks like a bad Mid-Term investment with a projected -6.43% first-year return on $173k initial cash invested.
-6.43%
Cash On Cash
5.3%
Cap Rate
0.83
DSCR
$6,056
Rent
-$926
Cashflow
Cash Flow
$6,056 income − $6,982 expenses = $926 out of pocket
Investment Breakdown
|
Purchase Price
$737k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$147k
Closing costs
1%
$7,373
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,056
Total Expenses
$6,982
Mortgage P&I
65%
$3,941
Property Taxes
12%
$720
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$727
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$666