This property looks like a bad Mid-Term investment with a projected -15.59% first-year return on $174k initial cash invested.
-15.59%
Cash On Cash
3.18%
Cap Rate
0.49
DSCR
$4,446
Rent
-$2,264
Cashflow
Cash Flow
$4,446 income − $6,710 expenses = $2,264 out of pocket
Investment Breakdown
|
Purchase Price
$744k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,446
Total Expenses
$6,710
Mortgage P&I
91%
$4,058
Property Taxes
18%
$822
Home Insurance
6%
$276
HOA
1%
$42
Property Management
12%
$534
CapEx
4%
$178
Vacancy
3%
$133
Maintenance
4%
$178
Other
11%
$489