This property looks like a bad Mid-Term investment with a projected -16.39% first-year return on $173k initial cash invested.
-16.39%
Cash On Cash
2.55%
Cap Rate
0.42
DSCR
$4,982
Rent
-$2,362
Cashflow
Cash Flow
$4,982 income − $7,344 expenses = $2,362 out of pocket
Investment Breakdown
|
Purchase Price
$738k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,379
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,982
Total Expenses
$7,344
Mortgage P&I
75%
$3,731
Property Taxes
23%
$1,132
Home Insurance
16%
$788
HOA
0%
$0
Property Management
12%
$598
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$548