This property looks like a bad Mid-Term investment with a projected -17.82% first-year return on $174k initial cash invested.
-17.82%
Cash On Cash
2.47%
Cap Rate
0.39
DSCR
$3,526
Rent
-$2,590
Cashflow
Cash Flow
$3,526 income − $6,116 expenses = $2,590 out of pocket
Investment Breakdown
|
Purchase Price
$745k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,450
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,526
Total Expenses
$6,116
Mortgage P&I
113%
$3,984
Property Taxes
17%
$585
Home Insurance
10%
$348
HOA
0%
$0
Property Management
12%
$423
CapEx
4%
$141
Vacancy
3%
$106
Maintenance
4%
$141
Other
11%
$388