This property looks like a bad Mid-Term investment with a projected -12.74% first-year return on $173k initial cash invested.
-12.74%
Cash On Cash
4%
Cap Rate
0.6
DSCR
$5,336
Rent
-$1,834
Cashflow
Cash Flow
$5,336 income − $7,170 expenses = $1,834 out of pocket
Investment Breakdown
|
Purchase Price
$737k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$147k
Closing costs
1%
$7,369
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,336
Total Expenses
$7,170
Mortgage P&I
76%
$4,076
Property Taxes
19%
$1,022
Home Insurance
5%
$259
HOA
0%
$0
Property Management
12%
$640
CapEx
4%
$213
Vacancy
3%
$160
Maintenance
4%
$213
Other
11%
$587