This property looks like a bad Mid-Term investment with a projected -5.81% first-year return on $174k initial cash invested.
-5.81%
Cash On Cash
5.69%
Cap Rate
0.85
DSCR
$5,991
Rent
-$844
Cashflow
Cash Flow
$5,991 income − $6,835 expenses = $844 out of pocket
Investment Breakdown
|
Purchase Price
$744k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,443
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,991
Total Expenses
$6,835
Mortgage P&I
69%
$4,134
Property Taxes
6%
$355
Home Insurance
5%
$271
HOA
1%
$37
Property Management
12%
$719
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$659