This property looks like a bad Mid-Term investment with a projected -10.58% first-year return on $173k initial cash invested.
-10.58%
Cash On Cash
4.35%
Cap Rate
0.67
DSCR
$5,032
Rent
-$1,527
Cashflow
Cash Flow
$5,032 income − $6,559 expenses = $1,527 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$173k
Downpayment
20%
$148k
Closing costs
1%
$7,390
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,032
Total Expenses
$6,559
Mortgage P&I
80%
$4,004
Property Taxes
12%
$585
Home Insurance
5%
$259
HOA
0%
$0
Property Management
12%
$604
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$554