This property looks like a bad Mid-Term investment with a projected -14.06% first-year return on $171k initial cash invested.
-14.06%
Cash On Cash
3.71%
Cap Rate
0.55
DSCR
$4,047
Rent
-$2,007
Cashflow
Cash Flow
$4,047 income − $6,054 expenses = $2,007 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,298
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,047
Total Expenses
$6,054
Mortgage P&I
101%
$4,103
Property Taxes
9%
$369
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445