This property looks like a bad Mid-Term investment with a projected -16.25% first-year return on $173k initial cash invested.
-16.25%
Cash On Cash
2.48%
Cap Rate
0.41
DSCR
$3,195
Rent
-$2,342
Cashflow
Cash Flow
$3,195 income − $5,537 expenses = $2,342 out of pocket
Investment Breakdown
|
Purchase Price
$738k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,376
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,195
Total Expenses
$5,537
Mortgage P&I
117%
$3,740
Property Taxes
14%
$443
Home Insurance
8%
$268
HOA
0%
$0
Property Management
12%
$383
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$351