This property looks like a bad Mid-Term investment with a projected -8.24% first-year return on $173k initial cash invested.
-8.24%
Cash On Cash
4.47%
Cap Rate
0.73
DSCR
$4,678
Rent
-$1,190
Cashflow
Cash Flow
$4,678 income − $5,868 expenses = $1,190 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,397
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,678
Total Expenses
$5,868
Mortgage P&I
80%
$3,756
Property Taxes
5%
$249
Home Insurance
6%
$273
HOA
0%
$0
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$515