This property looks like a bad Mid-Term investment with a projected -10.51% first-year return on $173k initial cash invested.
-10.51%
Cash On Cash
4.27%
Cap Rate
0.67
DSCR
$4,815
Rent
-$1,518
Cashflow
Cash Flow
$4,815 income − $6,333 expenses = $1,518 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,400
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,815
Total Expenses
$6,333
Mortgage P&I
82%
$3,956
Property Taxes
10%
$480
Home Insurance
5%
$259
HOA
0%
$0
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$144
Maintenance
4%
$193
Other
11%
$530