This property looks like a bad Mid-Term investment with a projected -10.4% first-year return on $174k initial cash invested.
-10.4%
Cash On Cash
4.44%
Cap Rate
0.68
DSCR
$5,322
Rent
-$1,506
Cashflow
Cash Flow
$5,322 income − $6,828 expenses = $1,506 out of pocket
Investment Breakdown
|
Purchase Price
$741k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$148k
Closing costs
1%
$7,414
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,322
Total Expenses
$6,828
Mortgage P&I
76%
$4,039
Property Taxes
13%
$717
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$639
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$585