This property looks like a bad Mid-Term investment with a projected -7.46% first-year return on $174k initial cash invested.
-7.46%
Cash On Cash
5.26%
Cap Rate
0.79
DSCR
$5,846
Rent
-$1,082
Cashflow
Cash Flow
$5,846 income − $6,928 expenses = $1,082 out of pocket
Investment Breakdown
|
Purchase Price
$744k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,436
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,846
Total Expenses
$6,928
Mortgage P&I
70%
$4,105
Property Taxes
10%
$573
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$702
CapEx
4%
$234
Vacancy
3%
$175
Maintenance
4%
$234
Other
11%
$643