This property looks like a bad Mid-Term investment with a projected -16.5% first-year return on $174k initial cash invested.
-16.5%
Cash On Cash
2.66%
Cap Rate
0.42
DSCR
$3,066
Rent
-$2,391
Cashflow
Cash Flow
$3,066 income − $5,457 expenses = $2,391 out of pocket
Investment Breakdown
|
Purchase Price
$742k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$148k
Closing costs
1%
$7,422
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,066
Total Expenses
$5,457
Mortgage P&I
128%
$3,912
Property Taxes
7%
$227
Home Insurance
9%
$275
HOA
0%
$0
Property Management
12%
$368
CapEx
4%
$123
Vacancy
3%
$92
Maintenance
4%
$123
Other
11%
$337