This property looks like a bad Mid-Term investment with a projected -10.15% first-year return on $171k initial cash invested.
-10.15%
Cash On Cash
4.65%
Cap Rate
0.7
DSCR
$5,404
Rent
-$1,448
Cashflow
Cash Flow
$5,404 income − $6,852 expenses = $1,448 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
$5,404
Total Expenses
$6,852
Mortgage P&I
75%
$4,061
Property Taxes
13%
$698
Home Insurance
5%
$257
HOA
0%
$0
Property Management
12%
$648
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$594