This property looks like a bad Mid-Term investment with a projected -9.82% first-year return on $171k initial cash invested.
-9.82%
Cash On Cash
4.55%
Cap Rate
0.7
DSCR
$5,242
Rent
-$1,402
Cashflow
Cash Flow
$5,242 income − $6,644 expenses = $1,402 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,299
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,242
Total Expenses
$6,644
Mortgage P&I
76%
$3,962
Property Taxes
12%
$640
Home Insurance
5%
$259
HOA
0%
$0
Property Management
12%
$629
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$577