This property looks like a bad Mid-Term investment with a projected -13.97% first-year return on $175k initial cash invested.
-13.97%
Cash On Cash
3.55%
Cap Rate
0.54
DSCR
$4,608
Rent
-$2,041
Cashflow
Cash Flow
$4,608 income − $6,649 expenses = $2,041 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,608
Total Expenses
$6,649
Mortgage P&I
88%
$4,071
Property Taxes
16%
$750
Home Insurance
6%
$262
HOA
0%
$0
Property Management
12%
$553
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$507