This property looks like a bad Mid-Term investment with a projected -12.05% first-year return on $173k initial cash invested.
-12.05%
Cash On Cash
3.54%
Cap Rate
0.58
DSCR
$4,032
Rent
-$1,738
Cashflow
Cash Flow
$4,032 income − $5,770 expenses = $1,738 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,387
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,032
Total Expenses
$5,770
Mortgage P&I
93%
$3,758
Property Taxes
9%
$382
Home Insurance
6%
$259
HOA
0%
$0
Property Management
12%
$484
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$444