This property looks like a bad Mid-Term investment with a projected -6.19% first-year return on $172k initial cash invested.
-6.19%
Cash On Cash
5.08%
Cap Rate
0.83
DSCR
$6,810
Rent
-$888
Cashflow
Cash Flow
$6,810 income − $7,698 expenses = $888 out of pocket
Investment Breakdown
|
Purchase Price
$734k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$147k
Closing costs
1%
$7,337
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,810
Total Expenses
$7,698
Mortgage P&I
55%
$3,722
Property Taxes
21%
$1,400
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$817
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$749