This property looks like a bad Mid-Term investment with a projected -8.37% first-year return on $174k initial cash invested.
-8.37%
Cash On Cash
4.48%
Cap Rate
0.74
DSCR
$5,378
Rent
-$1,215
Cashflow
Cash Flow
$5,378 income − $6,593 expenses = $1,215 out of pocket
Investment Breakdown
|
Purchase Price
$744k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,440
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,378
Total Expenses
$6,593
Mortgage P&I
70%
$3,775
Property Taxes
13%
$684
Home Insurance
6%
$306
HOA
0%
$0
Property Management
12%
$645
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$592