This property looks like a bad Mid-Term investment with a projected -8.18% first-year return on $175k initial cash invested.
-8.18%
Cash On Cash
4.68%
Cap Rate
0.74
DSCR
$4,624
Rent
-$1,195
Cashflow
Cash Flow
$4,624 income − $5,819 expenses = $1,195 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,624
Total Expenses
$5,819
Mortgage P&I
85%
$3,932
Property Taxes
1%
$52
Home Insurance
6%
$262
HOA
0%
$0
Property Management
12%
$555
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$509