This property looks like a bad Mid-Term investment with a projected -16.26% first-year return on $174k initial cash invested.
-16.26%
Cash On Cash
3.08%
Cap Rate
0.47
DSCR
$4,401
Rent
-$2,352
Cashflow
Cash Flow
$4,401 income − $6,753 expenses = $2,352 out of pocket
Investment Breakdown
|
Purchase Price
$741k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$148k
Closing costs
1%
$7,411
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,401
Total Expenses
$6,753
Mortgage P&I
93%
$4,077
Property Taxes
12%
$523
Home Insurance
6%
$271
HOA
9%
$386
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484