This property looks like a bad Mid-Term investment with a projected -1.57% first-year return on $171k initial cash invested.
-1.57%
Cash On Cash
6.71%
Cap Rate
1.03
DSCR
$8,248
Rent
-$223
Cashflow
Cash Flow
$8,248 income − $8,471 expenses = $223 out of pocket
Investment Breakdown
|
Purchase Price
$728k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,282
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,248
Total Expenses
$8,471
Mortgage P&I
48%
$3,964
Property Taxes
9%
$731
Home Insurance
3%
$262
HOA
9%
$710
Property Management
12%
$990
CapEx
4%
$330
Vacancy
3%
$247
Maintenance
4%
$330
Other
11%
$907