This property looks like a bad Mid-Term investment with a projected -9.87% first-year return on $174k initial cash invested.
-9.87%
Cash On Cash
4.31%
Cap Rate
0.69
DSCR
$5,236
Rent
-$1,434
Cashflow
Cash Flow
$5,236 income − $6,670 expenses = $1,434 out of pocket
Investment Breakdown
|
Purchase Price
$744k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,444
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,236
Total Expenses
$6,670
Mortgage P&I
74%
$3,898
Property Taxes
14%
$731
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$628
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$576