This property looks like a bad Mid-Term investment with a projected -10.28% first-year return on $174k initial cash invested.
-10.28%
Cash On Cash
4.47%
Cap Rate
0.69
DSCR
$5,598
Rent
-$1,487
Cashflow
Cash Flow
$5,598 income − $7,085 expenses = $1,487 out of pocket
Investment Breakdown
|
Purchase Price
$741k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$148k
Closing costs
1%
$7,406
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,598
Total Expenses
$7,085
Mortgage P&I
72%
$4,021
Property Taxes
13%
$709
Home Insurance
5%
$266
HOA
3%
$185
Property Management
12%
$672
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$616