This property looks like a bad Mid-Term investment with a projected -16.91% first-year return on $175k initial cash invested.
-16.91%
Cash On Cash
2.31%
Cap Rate
0.38
DSCR
$2,824
Rent
-$2,473
Cashflow
Cash Flow
$2,824 income − $5,297 expenses = $2,473 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,824
Total Expenses
$5,297
Mortgage P&I
135%
$3,805
Property Taxes
10%
$269
Home Insurance
9%
$262
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311