This property looks like a bad Mid-Term investment with a projected -11.7% first-year return on $173k initial cash invested.
-11.7%
Cash On Cash
3.89%
Cap Rate
0.61
DSCR
$4,508
Rent
-$1,690
Cashflow
Cash Flow
$4,508 income − $6,198 expenses = $1,690 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,399
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,508
Total Expenses
$6,198
Mortgage P&I
87%
$3,908
Property Taxes
11%
$499
Home Insurance
6%
$259
HOA
0%
$0
Property Management
12%
$541
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$496