This property looks like a bad Mid-Term investment with a projected -13.13% first-year return on $172k initial cash invested.
-13.13%
Cash On Cash
3.48%
Cap Rate
0.56
DSCR
$4,774
Rent
-$1,877
Cashflow
Cash Flow
$4,774 income − $6,651 expenses = $1,877 out of pocket
Investment Breakdown
|
Purchase Price
$731k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$146k
Closing costs
1%
$7,311
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,774
Total Expenses
$6,651
Mortgage P&I
80%
$3,806
Property Taxes
19%
$924
Home Insurance
6%
$298
HOA
0%
$0
Property Management
12%
$573
CapEx
4%
$191
Vacancy
3%
$143
Maintenance
4%
$191
Other
11%
$525