This property looks like a bad Mid-Term investment with a projected -12.83% first-year return on $175k initial cash invested.
-12.83%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$3,940
Rent
-$1,869
Cashflow
Cash Flow
$3,940 income − $5,809 expenses = $1,869 out of pocket
Investment Breakdown
|
Purchase Price
$747k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$149k
Closing costs
1%
$7,470
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,940
Total Expenses
$5,809
Mortgage P&I
104%
$4,083
Property Taxes
3%
$125
Home Insurance
7%
$261
HOA
0%
$0
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$433