This property looks like a bad Mid-Term investment with a projected -12.65% first-year return on $171k initial cash invested.
-12.65%
Cash On Cash
3.7%
Cap Rate
0.58
DSCR
$4,910
Rent
-$1,806
Cashflow
Cash Flow
$4,910 income − $6,716 expenses = $1,806 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,301
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,910
Total Expenses
$6,716
Mortgage P&I
79%
$3,861
Property Taxes
19%
$925
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540