This property looks like a bad Mid-Term investment with a projected -17.3% first-year return on $173k initial cash invested.
-17.3%
Cash On Cash
2.54%
Cap Rate
0.4
DSCR
$3,633
Rent
-$2,499
Cashflow
Cash Flow
$3,633 income − $6,132 expenses = $2,499 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,399
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,633
Total Expenses
$6,132
Mortgage P&I
108%
$3,919
Property Taxes
7%
$238
Home Insurance
7%
$259
HOA
13%
$481
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400