This property looks like a bad Mid-Term investment with a projected -21.04% first-year return on $174k initial cash invested.
-21.04%
Cash On Cash
1.61%
Cap Rate
0.25
DSCR
$2,748
Rent
-$3,053
Cashflow
Cash Flow
$2,748 income − $5,801 expenses = $3,053 out of pocket
Investment Breakdown
|
Purchase Price
$743k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,433
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,748
Total Expenses
$5,801
Mortgage P&I
143%
$3,943
Property Taxes
24%
$662
Home Insurance
10%
$262
HOA
0%
$0
Property Management
12%
$330
CapEx
4%
$110
Vacancy
3%
$82
Maintenance
4%
$110
Other
11%
$302