This property looks like a bad Mid-Term investment with a projected -17.2% first-year return on $174k initial cash invested.
-17.2%
Cash On Cash
2.65%
Cap Rate
0.41
DSCR
$3,252
Rent
-$2,494
Cashflow
Cash Flow
$3,252 income − $5,746 expenses = $2,494 out of pocket
Investment Breakdown
|
Purchase Price
$743k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,430
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,252
Total Expenses
$5,746
Mortgage P&I
123%
$4,005
Property Taxes
11%
$373
Home Insurance
8%
$262
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358