This property looks like a bad Mid-Term investment with a projected -9.39% first-year return on $173k initial cash invested.
-9.39%
Cash On Cash
4.58%
Cap Rate
0.71
DSCR
$5,145
Rent
-$1,355
Cashflow
Cash Flow
$5,145 income − $6,500 expenses = $1,355 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,385
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,145
Total Expenses
$6,500
Mortgage P&I
77%
$3,968
Property Taxes
10%
$538
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$617
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$566