This property looks like a bad Mid-Term investment with a projected -12.19% first-year return on $173k initial cash invested.
-12.19%
Cash On Cash
4.1%
Cap Rate
0.62
DSCR
$4,658
Rent
-$1,757
Cashflow
Cash Flow
$4,658 income − $6,415 expenses = $1,757 out of pocket
Investment Breakdown
|
Purchase Price
$738k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,381
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,658
Total Expenses
$6,415
Mortgage P&I
88%
$4,093
Property Taxes
10%
$471
Home Insurance
6%
$268
HOA
0%
$0
Property Management
12%
$559
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512