This property looks like a bad Mid-Term investment with a projected -14.03% first-year return on $173k initial cash invested.
-14.03%
Cash On Cash
3.57%
Cap Rate
0.54
DSCR
$4,384
Rent
-$2,021
Cashflow
Cash Flow
$4,384 income − $6,405 expenses = $2,021 out of pocket
Investment Breakdown
|
Purchase Price
$737k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$147k
Closing costs
1%
$7,374
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,384
Total Expenses
$6,405
Mortgage P&I
92%
$4,041
Property Taxes
14%
$612
Home Insurance
6%
$262
HOA
0%
$0
Property Management
12%
$526
CapEx
4%
$175
Vacancy
3%
$132
Maintenance
4%
$175
Other
11%
$482