This property looks like a bad Mid-Term investment with a projected -6.45% first-year return on $173k initial cash invested.
-6.45%
Cash On Cash
5.49%
Cap Rate
0.83
DSCR
$5,586
Rent
-$931
Cashflow
Cash Flow
$5,586 income − $6,517 expenses = $931 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,393
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,586
Total Expenses
$6,517
Mortgage P&I
73%
$4,092
Property Taxes
3%
$168
Home Insurance
5%
$266
HOA
2%
$93
Property Management
12%
$670
CapEx
4%
$223
Vacancy
3%
$168
Maintenance
4%
$223
Other
11%
$614