This property looks like a bad Mid-Term investment with a projected -13.2% first-year return on $175k initial cash invested.
-13.2%
Cash On Cash
3.76%
Cap Rate
0.58
DSCR
$4,972
Rent
-$1,928
Cashflow
Cash Flow
$4,972 income − $6,900 expenses = $1,928 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,972
Total Expenses
$6,900
Mortgage P&I
82%
$4,073
Property Taxes
15%
$749
Home Insurance
5%
$262
HOA
3%
$125
Property Management
12%
$597
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$547