This property looks like a bad Mid-Term investment with a projected -13.8% first-year return on $172k initial cash invested.
-13.8%
Cash On Cash
3.51%
Cap Rate
0.55
DSCR
$4,970
Rent
-$1,983
Cashflow
Cash Flow
$4,970 income − $6,953 expenses = $1,983 out of pocket
Investment Breakdown
|
Purchase Price
$736k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$147k
Closing costs
1%
$7,357
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,970
Total Expenses
$6,953
Mortgage P&I
79%
$3,934
Property Taxes
21%
$1,023
Home Insurance
6%
$306
HOA
0%
$0
Property Management
12%
$596
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$547