This property looks like a bad Mid-Term investment with a projected -16.3% first-year return on $174k initial cash invested.
-16.3%
Cash On Cash
2.5%
Cap Rate
0.41
DSCR
$4,254
Rent
-$2,370
Cashflow
Cash Flow
$4,254 income − $6,624 expenses = $2,370 out of pocket
Investment Breakdown
|
Purchase Price
$745k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,254
Total Expenses
$6,624
Mortgage P&I
88%
$3,755
Property Taxes
27%
$1,162
Home Insurance
6%
$261
HOA
0%
$0
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468