This property looks like a bad Mid-Term investment with a projected -10.05% first-year return on $173k initial cash invested.
-10.05%
Cash On Cash
4.04%
Cap Rate
0.66
DSCR
$4,822
Rent
-$1,447
Cashflow
Cash Flow
$4,822 income − $6,269 expenses = $1,447 out of pocket
Investment Breakdown
|
Purchase Price
$737k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$147k
Closing costs
1%
$7,367
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,822
Total Expenses
$6,269
Mortgage P&I
77%
$3,733
Property Taxes
14%
$660
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$579
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$530