This property looks like a bad Mid-Term investment with a projected -13.19% first-year return on $173k initial cash invested.
-13.19%
Cash On Cash
3.21%
Cap Rate
0.53
DSCR
$3,670
Rent
-$1,903
Cashflow
Cash Flow
$3,670 income − $5,573 expenses = $1,903 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,389
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,670
Total Expenses
$5,573
Mortgage P&I
102%
$3,735
Property Taxes
9%
$319
Home Insurance
7%
$271
HOA
0%
$0
Property Management
12%
$440
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$404