This property looks like a bad Mid-Term investment with a projected -9.17% first-year return on $174k initial cash invested.
-9.17%
Cash On Cash
4.82%
Cap Rate
0.73
DSCR
$5,722
Rent
-$1,329
Cashflow
Cash Flow
$5,722 income − $7,051 expenses = $1,329 out of pocket
Investment Breakdown
|
Purchase Price
$743k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,425
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,722
Total Expenses
$7,051
Mortgage P&I
71%
$4,080
Property Taxes
13%
$763
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$687
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$629