This property looks like a bad Mid-Term investment with a projected -16.29% first-year return on $176k initial cash invested.
-16.29%
Cash On Cash
2.91%
Cap Rate
0.45
DSCR
$4,046
Rent
-$2,394
Cashflow
Cash Flow
$4,046 income − $6,440 expenses = $2,394 out of pocket
Investment Breakdown
|
Purchase Price
$754k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$151k
Closing costs
1%
$7,542
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,046
Total Expenses
$6,440
Mortgage P&I
100%
$4,064
Property Taxes
18%
$727
Home Insurance
7%
$273
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445