This property looks like a bad Mid-Term investment with a projected -13.32% first-year return on $175k initial cash invested.
-13.32%
Cash On Cash
3.24%
Cap Rate
0.53
DSCR
$3,888
Rent
-$1,945
Cashflow
Cash Flow
$3,888 income − $5,833 expenses = $1,945 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,490
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,888
Total Expenses
$5,833
Mortgage P&I
98%
$3,811
Property Taxes
11%
$436
Home Insurance
7%
$262
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428