This property looks like a bad Mid-Term investment with a projected -9.42% first-year return on $171k initial cash invested.
-9.42%
Cash On Cash
4.28%
Cap Rate
0.7
DSCR
$5,754
Rent
-$1,346
Cashflow
Cash Flow
$5,754 income − $7,100 expenses = $1,346 out of pocket
Investment Breakdown
|
Purchase Price
$731k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,309
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,754
Total Expenses
$7,100
Mortgage P&I
65%
$3,725
Property Taxes
21%
$1,183
Home Insurance
4%
$236
HOA
0%
$0
Property Management
12%
$690
CapEx
4%
$230
Vacancy
3%
$173
Maintenance
4%
$230
Other
11%
$633