This property looks like a bad Mid-Term investment with a projected -14.84% first-year return on $174k initial cash invested.
-14.84%
Cash On Cash
2.78%
Cap Rate
0.46
DSCR
$3,759
Rent
-$2,157
Cashflow
Cash Flow
$3,759 income − $5,916 expenses = $2,157 out of pocket
Investment Breakdown
|
Purchase Price
$745k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,446
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,759
Total Expenses
$5,916
Mortgage P&I
99%
$3,735
Property Taxes
17%
$633
Home Insurance
7%
$271
HOA
0%
$0
Property Management
12%
$451
CapEx
4%
$150
Vacancy
3%
$113
Maintenance
4%
$150
Other
11%
$413