This property looks like a bad Mid-Term investment with a projected -14.09% first-year return on $174k initial cash invested.
-14.09%
Cash On Cash
3.38%
Cap Rate
0.53
DSCR
$4,425
Rent
-$2,040
Cashflow
Cash Flow
$4,425 income − $6,465 expenses = $2,040 out of pocket
Investment Breakdown
|
Purchase Price
$742k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$148k
Closing costs
1%
$7,415
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,425
Total Expenses
$6,465
Mortgage P&I
89%
$3,954
Property Taxes
16%
$693
Home Insurance
6%
$275
HOA
1%
$38
Property Management
12%
$531
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$487