This property looks like a bad Mid-Term investment with a projected -7.21% first-year return on $174k initial cash invested.
-7.21%
Cash On Cash
5.21%
Cap Rate
0.79
DSCR
$5,156
Rent
-$1,044
Cashflow
Cash Flow
$5,156 income − $6,200 expenses = $1,044 out of pocket
Investment Breakdown
|
Purchase Price
$742k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$148k
Closing costs
1%
$7,419
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,156
Total Expenses
$6,200
Mortgage P&I
79%
$4,058
Property Taxes
2%
$82
Home Insurance
5%
$260
HOA
1%
$47
Property Management
12%
$619
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$567