This property looks like a bad Mid-Term investment with a projected -7.33% first-year return on $174k initial cash invested.
-7.33%
Cash On Cash
4.7%
Cap Rate
0.77
DSCR
$5,332
Rent
-$1,060
Cashflow
Cash Flow
$5,332 income − $6,392 expenses = $1,060 out of pocket
Investment Breakdown
|
Purchase Price
$741k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$148k
Closing costs
1%
$7,410
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,332
Total Expenses
$6,392
Mortgage P&I
70%
$3,749
Property Taxes
11%
$568
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$587