This property looks like a bad Mid-Term investment with a projected -9.71% first-year return on $175k initial cash invested.
-9.71%
Cash On Cash
4.5%
Cap Rate
0.7
DSCR
$4,874
Rent
-$1,418
Cashflow
Cash Flow
$4,874 income − $6,292 expenses = $1,418 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,491
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,874
Total Expenses
$6,292
Mortgage P&I
83%
$4,032
Property Taxes
4%
$203
Home Insurance
5%
$266
HOA
3%
$134
Property Management
12%
$585
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$536