This property looks like a bad Mid-Term investment with a projected -10.24% first-year return on $171k initial cash invested.
-10.24%
Cash On Cash
4.64%
Cap Rate
0.69
DSCR
$5,070
Rent
-$1,460
Cashflow
Cash Flow
$5,070 income − $6,530 expenses = $1,460 out of pocket
Investment Breakdown
|
Purchase Price
$729k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,290
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,070
Total Expenses
$6,530
Mortgage P&I
80%
$4,078
Property Taxes
8%
$381
Home Insurance
5%
$255
HOA
2%
$92
Property Management
12%
$608
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$558