This property looks like a bad Mid-Term investment with a projected -15.92% first-year return on $175k initial cash invested.
-15.92%
Cash On Cash
3.19%
Cap Rate
0.48
DSCR
$3,642
Rent
-$2,325
Cashflow
Cash Flow
$3,642 income − $5,967 expenses = $2,325 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,487
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,642
Total Expenses
$5,967
Mortgage P&I
115%
$4,172
Property Taxes
8%
$276
Home Insurance
8%
$280
HOA
0%
$0
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401