This property looks like a bad Mid-Term investment with a projected -9.6% first-year return on $175k initial cash invested.
-9.6%
Cash On Cash
4.53%
Cap Rate
0.7
DSCR
$5,439
Rent
-$1,402
Cashflow
Cash Flow
$5,439 income − $6,841 expenses = $1,402 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,488
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,439
Total Expenses
$6,841
Mortgage P&I
74%
$4,010
Property Taxes
13%
$719
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$653
CapEx
4%
$218
Vacancy
3%
$163
Maintenance
4%
$218
Other
11%
$598