This property looks like a bad Mid-Term investment with a projected -9.18% first-year return on $174k initial cash invested.
-9.18%
Cash On Cash
4.48%
Cap Rate
0.71
DSCR
$5,248
Rent
-$1,333
Cashflow
Cash Flow
$5,248 income − $6,581 expenses = $1,333 out of pocket
Investment Breakdown
|
Purchase Price
$744k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,437
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,248
Total Expenses
$6,581
Mortgage P&I
74%
$3,902
Property Taxes
12%
$633
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$630
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$577