This property looks like a bad Mid-Term investment with a projected -14.48% first-year return on $173k initial cash invested.
-14.48%
Cash On Cash
3.53%
Cap Rate
0.53
DSCR
$3,804
Rent
-$2,087
Cashflow
Cash Flow
$3,804 income − $5,891 expenses = $2,087 out of pocket
Investment Breakdown
|
Purchase Price
$738k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,379
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,804
Total Expenses
$5,891
Mortgage P&I
108%
$4,105
Property Taxes
6%
$223
Home Insurance
7%
$271
HOA
0%
$0
Property Management
12%
$456
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$418