This property looks like a bad Mid-Term investment with a projected -8.84% first-year return on $175k initial cash invested.
-8.84%
Cash On Cash
4.91%
Cap Rate
0.74
DSCR
$5,925
Rent
-$1,289
Cashflow
Cash Flow
$5,925 income − $7,214 expenses = $1,289 out of pocket
Investment Breakdown
|
Purchase Price
$747k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$149k
Closing costs
1%
$7,471
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,925
Total Expenses
$7,214
Mortgage P&I
69%
$4,106
Property Taxes
14%
$831
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$711
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$652