This property looks like a bad Mid-Term investment with a projected -18.3% first-year return on $176k initial cash invested.
-18.3%
Cash On Cash
2.44%
Cap Rate
0.37
DSCR
$2,764
Rent
-$2,677
Cashflow
Cash Flow
$2,764 income − $5,441 expenses = $2,677 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$176k
Downpayment
20%
$150k
Closing costs
1%
$7,500
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,764
Total Expenses
$5,441
Mortgage P&I
148%
$4,092
Property Taxes
5%
$146
Home Insurance
9%
$262
HOA
0%
$0
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304