This property looks like a bad Mid-Term investment with a projected -9.8% first-year return on $175k initial cash invested.
-9.8%
Cash On Cash
4.66%
Cap Rate
0.71
DSCR
$6,328
Rent
-$1,431
Cashflow
Cash Flow
$6,328 income − $7,759 expenses = $1,431 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
7.3%
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
$6,328
Total Expenses
$7,759
Mortgage P&I
65%
$4,089
Property Taxes
20%
$1,257
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$759
CapEx
4%
$253
Vacancy
3%
$190
Maintenance
4%
$253
Other
11%
$696