This property looks like a bad Mid-Term investment with a projected -16.38% first-year return on $175k initial cash invested.
-16.38%
Cash On Cash
2.43%
Cap Rate
0.4
DSCR
$2,756
Rent
-$2,393
Cashflow
Cash Flow
$2,756 income − $5,149 expenses = $2,393 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,489
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,756
Total Expenses
$5,149
Mortgage P&I
138%
$3,797
Property Taxes
6%
$153
Home Insurance
10%
$262
HOA
0%
$0
Property Management
12%
$331
CapEx
4%
$110
Vacancy
3%
$83
Maintenance
4%
$110
Other
11%
$303