This property looks like a bad Mid-Term investment with a projected -18.35% first-year return on $174k initial cash invested.
-18.35%
Cash On Cash
2.3%
Cap Rate
0.36
DSCR
$2,943
Rent
-$2,657
Cashflow
Cash Flow
$2,943 income − $5,600 expenses = $2,657 out of pocket
Investment Breakdown
|
Purchase Price
$742k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$148k
Closing costs
1%
$7,419
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,943
Total Expenses
$5,600
Mortgage P&I
135%
$3,960
Property Taxes
12%
$364
Home Insurance
9%
$275
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324