This property looks like a bad Mid-Term investment with a projected -11% first-year return on $173k initial cash invested.
-11%
Cash On Cash
3.74%
Cap Rate
0.62
DSCR
$3,900
Rent
-$1,587
Cashflow
Cash Flow
$3,900 income − $5,487 expenses = $1,587 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,385
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,900
Total Expenses
$5,487
Mortgage P&I
96%
$3,733
Property Taxes
4%
$170
Home Insurance
7%
$258
HOA
0%
$0
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429