This property looks like a bad Mid-Term investment with a projected -10.3% first-year return on $172k initial cash invested.
-10.3%
Cash On Cash
4.52%
Cap Rate
0.68
DSCR
$5,036
Rent
-$1,479
Cashflow
Cash Flow
$5,036 income − $6,515 expenses = $1,479 out of pocket
Investment Breakdown
|
Purchase Price
$735k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$147k
Closing costs
1%
$7,350
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,036
Total Expenses
$6,515
Mortgage P&I
80%
$4,048
Property Taxes
10%
$499
Home Insurance
5%
$257
HOA
0%
$0
Property Management
12%
$604
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$554