This property looks like a bad Mid-Term investment with a projected -6.59% first-year return on $173k initial cash invested.
-6.59%
Cash On Cash
5.02%
Cap Rate
0.81
DSCR
$5,700
Rent
-$948
Cashflow
Cash Flow
$5,700 income − $6,648 expenses = $948 out of pocket
Investment Breakdown
|
Purchase Price
$736k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$147k
Closing costs
1%
$7,359
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,700
Total Expenses
$6,648
Mortgage P&I
67%
$3,797
Property Taxes
11%
$652
Home Insurance
5%
$261
HOA
0%
$0
Property Management
12%
$684
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$627