This property looks like a bad Mid-Term investment with a projected -13.99% first-year return on $171k initial cash invested.
-13.99%
Cash On Cash
3.07%
Cap Rate
0.5
DSCR
$3,326
Rent
-$1,994
Cashflow
Cash Flow
$3,326 income − $5,320 expenses = $1,994 out of pocket
Investment Breakdown
|
Purchase Price
$729k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,285
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,326
Total Expenses
$5,320
Mortgage P&I
112%
$3,723
Property Taxes
6%
$202
Home Insurance
8%
$264
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$366