This property looks like a bad Mid-Term investment with a projected -9.91% first-year return on $171k initial cash invested.
-9.91%
Cash On Cash
4.51%
Cap Rate
0.7
DSCR
$5,664
Rent
-$1,411
Cashflow
Cash Flow
$5,664 income − $7,075 expenses = $1,411 out of pocket
Investment Breakdown
|
Purchase Price
$728k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,282
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,664
Total Expenses
$7,075
Mortgage P&I
69%
$3,920
Property Taxes
18%
$1,000
Home Insurance
4%
$228
HOA
0%
$0
Property Management
12%
$680
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$623