This property looks like a bad Mid-Term investment with a projected -8.54% first-year return on $173k initial cash invested.
-8.54%
Cash On Cash
4.43%
Cap Rate
0.73
DSCR
$5,346
Rent
-$1,234
Cashflow
Cash Flow
$5,346 income − $6,580 expenses = $1,234 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,399
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,346
Total Expenses
$6,580
Mortgage P&I
70%
$3,753
Property Taxes
14%
$750
Home Insurance
5%
$259
HOA
0%
$0
Property Management
12%
$642
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588