This property looks like a bad Mid-Term investment with a projected -9.14% first-year return on $173k initial cash invested.
-9.14%
Cash On Cash
4.35%
Cap Rate
0.71
DSCR
$4,989
Rent
-$1,321
Cashflow
Cash Flow
$4,989 income − $6,310 expenses = $1,321 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,402
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,989
Total Expenses
$6,310
Mortgage P&I
76%
$3,805
Property Taxes
12%
$588
Home Insurance
4%
$219
HOA
0%
$0
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549