This property looks like a bad Mid-Term investment with a projected -13.85% first-year return on $174k initial cash invested.
-13.85%
Cash On Cash
3.56%
Cap Rate
0.55
DSCR
$4,270
Rent
-$2,014
Cashflow
Cash Flow
$4,270 income − $6,284 expenses = $2,014 out of pocket
Investment Breakdown
|
Purchase Price
$745k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,450
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,270
Total Expenses
$6,284
Mortgage P&I
95%
$4,053
Property Taxes
12%
$510
Home Insurance
6%
$269
HOA
0%
$0
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$470