This property looks like a bad Mid-Term investment with a projected -6.23% first-year return on $171k initial cash invested.
-6.23%
Cash On Cash
5.47%
Cap Rate
0.83
DSCR
$5,420
Rent
-$888
Cashflow
Cash Flow
$5,420 income − $6,308 expenses = $888 out of pocket
Investment Breakdown
|
Purchase Price
$729k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,288
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,420
Total Expenses
$6,308
Mortgage P&I
74%
$3,994
Property Taxes
4%
$209
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$650
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$596