This property looks like a bad Mid-Term investment with a projected -11.9% first-year return on $174k initial cash invested.
-11.9%
Cash On Cash
3.95%
Cap Rate
0.61
DSCR
$4,230
Rent
-$1,730
Cashflow
Cash Flow
$4,230 income − $5,960 expenses = $1,730 out of pocket
Investment Breakdown
|
Purchase Price
$745k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,450
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,230
Total Expenses
$5,960
Mortgage P&I
95%
$4,015
Property Taxes
6%
$236
Home Insurance
6%
$261
HOA
0%
$10
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465