This property looks like a bad Mid-Term investment with a projected -20.54% first-year return on $173k initial cash invested.
-20.54%
Cash On Cash
2.03%
Cap Rate
0.3
DSCR
$2,883
Rent
-$2,956
Cashflow
Cash Flow
$2,883 income − $5,839 expenses = $2,956 out of pocket
Investment Breakdown
|
Purchase Price
$737k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$147k
Closing costs
1%
$7,367
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,883
Total Expenses
$5,839
Mortgage P&I
142%
$4,086
Property Taxes
6%
$181
Home Insurance
21%
$593
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317