This property looks like a bad Mid-Term investment with a projected -11.45% first-year return on $175k initial cash invested.
-11.45%
Cash On Cash
4.17%
Cap Rate
0.64
DSCR
$5,126
Rent
-$1,665
Cashflow
Cash Flow
$5,126 income − $6,791 expenses = $1,665 out of pocket
Investment Breakdown
|
Purchase Price
$746k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$149k
Closing costs
1%
$7,455
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,126
Total Expenses
$6,791
Mortgage P&I
79%
$4,048
Property Taxes
14%
$734
Home Insurance
5%
$266
HOA
0%
$0
Property Management
12%
$615
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$564