This property looks like a bad Mid-Term investment with a projected -18.05% first-year return on $172k initial cash invested.
-18.05%
Cash On Cash
2.31%
Cap Rate
0.36
DSCR
$3,066
Rent
-$2,594
Cashflow
Cash Flow
$3,066 income − $5,660 expenses = $2,594 out of pocket
Investment Breakdown
|
Purchase Price
$736k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$147k
Closing costs
1%
$7,355
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,066
Total Expenses
$5,660
Mortgage P&I
127%
$3,885
Property Taxes
15%
$461
Home Insurance
9%
$271
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337