This property looks like a bad Mid-Term investment with a projected -17.58% first-year return on $175k initial cash invested.
-17.58%
Cash On Cash
2.24%
Cap Rate
0.37
DSCR
$4,378
Rent
-$2,571
Cashflow
Cash Flow
$4,378 income − $6,949 expenses = $2,571 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,378
Total Expenses
$6,949
Mortgage P&I
87%
$3,796
Property Taxes
30%
$1,304
Home Insurance
6%
$262
HOA
2%
$99
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$482