This property looks like a bad Mid-Term investment with a projected -7.63% first-year return on $173k initial cash invested.
-7.63%
Cash On Cash
5.07%
Cap Rate
0.78
DSCR
$5,130
Rent
-$1,102
Cashflow
Cash Flow
$5,130 income − $6,232 expenses = $1,102 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,395
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,130
Total Expenses
$6,232
Mortgage P&I
78%
$4,023
Property Taxes
4%
$206
Home Insurance
5%
$259
HOA
0%
$0
Property Management
12%
$616
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$564