This property looks like a bad Mid-Term investment with a projected -21.51% first-year return on $173k initial cash invested.
-21.51%
Cash On Cash
1.97%
Cap Rate
0.29
DSCR
$2,960
Rent
-$3,094
Cashflow
Cash Flow
$2,960 income − $6,054 expenses = $3,094 out of pocket
Investment Breakdown
|
Purchase Price
$736k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$147k
Closing costs
1%
$7,363
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,960
Total Expenses
$6,054
Mortgage P&I
141%
$4,184
Property Taxes
19%
$574
Home Insurance
10%
$290
HOA
0%
$0
Property Management
12%
$355
CapEx
4%
$118
Vacancy
3%
$89
Maintenance
4%
$118
Other
11%
$326