This property looks like a bad Mid-Term investment with a projected -18.19% first-year return on $171k initial cash invested.
-18.19%
Cash On Cash
2.4%
Cap Rate
0.37
DSCR
$3,600
Rent
-$2,593
Cashflow
Cash Flow
$3,600 income − $6,193 expenses = $2,593 out of pocket
Investment Breakdown
|
Purchase Price
$729k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,287
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,600
Total Expenses
$6,193
Mortgage P&I
108%
$3,904
Property Taxes
15%
$537
Home Insurance
9%
$336
HOA
5%
$192
Property Management
12%
$432
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$396