This property looks like a bad Mid-Term investment with a projected -14.24% first-year return on $173k initial cash invested.
-14.24%
Cash On Cash
3.31%
Cap Rate
0.52
DSCR
$4,334
Rent
-$2,059
Cashflow
Cash Flow
$4,334 income − $6,393 expenses = $2,059 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,404
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,334
Total Expenses
$6,393
Mortgage P&I
91%
$3,927
Property Taxes
17%
$731
Home Insurance
6%
$262
HOA
0%
$0
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$477