This property looks like a bad Mid-Term investment with a projected -11.58% first-year return on $173k initial cash invested.
-11.58%
Cash On Cash
4.15%
Cap Rate
0.63
DSCR
$4,350
Rent
-$1,671
Cashflow
Cash Flow
$4,350 income − $6,021 expenses = $1,671 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,390
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,350
Total Expenses
$6,021
Mortgage P&I
93%
$4,052
Property Taxes
5%
$224
Home Insurance
6%
$259
HOA
0%
$8
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478