This property looks like a bad Mid-Term investment with a projected -8.7% first-year return on $174k initial cash invested.
-8.7%
Cash On Cash
4.7%
Cap Rate
0.73
DSCR
$5,229
Rent
-$1,261
Cashflow
Cash Flow
$5,229 income − $6,490 expenses = $1,261 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%
$7,421
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,229
Total Expenses
$6,490
Mortgage P&I
76%
$3,959
Property Taxes
9%
$484
Home Insurance
5%
$262
HOA
0%
$8
Property Management
12%
$627
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$575