This property looks like a bad Mid-Term investment with a projected -10% first-year return on $173k initial cash invested.
-10%
Cash On Cash
4.43%
Cap Rate
0.69
DSCR
$5,236
Rent
-$1,444
Cashflow
Cash Flow
$5,236 income − $6,680 expenses = $1,444 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,391
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,236
Total Expenses
$6,680
Mortgage P&I
76%
$3,962
Property Taxes
12%
$647
Home Insurance
6%
$292
HOA
0%
$0
Property Management
12%
$628
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$576