This property looks like a bad Mid-Term investment with a projected -20.55% first-year return on $175k initial cash invested.
-20.55%
Cash On Cash
1.94%
Cap Rate
0.29
DSCR
$2,500
Rent
-$3,002
Cashflow
Cash Flow
$2,500 income − $5,502 expenses = $3,002 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%
$7,489
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,500
Total Expenses
$5,502
Mortgage P&I
164%
$4,110
Property Taxes
11%
$273
Home Insurance
11%
$269
HOA
0%
$0
Property Management
12%
$300
CapEx
4%
$100
Vacancy
3%
$75
Maintenance
4%
$100
Other
11%
$275