This property looks like a bad Mid-Term investment with a projected -12.31% first-year return on $174k initial cash invested.
-12.31%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$6,292
Rent
-$1,787
Cashflow
Cash Flow
$6,292 income − $8,079 expenses = $1,787 out of pocket
Investment Breakdown
|
Purchase Price
$744k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$174k
Downpayment
20%
$149k
Closing costs
1%
$7,439
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,292
Total Expenses
$8,079
Mortgage P&I
65%
$4,069
Property Taxes
17%
$1,080
Home Insurance
5%
$298
HOA
8%
$492
Property Management
12%
$755
CapEx
4%
$252
Vacancy
3%
$189
Maintenance
4%
$252
Other
11%
$692