This property looks like a bad Mid-Term investment with a projected -15.36% first-year return on $171k initial cash invested.
-15.36%
Cash On Cash
3.24%
Cap Rate
0.49
DSCR
$3,606
Rent
-$2,192
Cashflow
Cash Flow
$3,606 income − $5,798 expenses = $2,192 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,300
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,606
Total Expenses
$5,798
Mortgage P&I
112%
$4,021
Property Taxes
8%
$295
Home Insurance
7%
$256
HOA
0%
$0
Property Management
12%
$433
CapEx
4%
$144
Vacancy
3%
$108
Maintenance
4%
$144
Other
11%
$397