This property looks like a bad Mid-Term investment with a projected -3.9% first-year return on $171k initial cash invested.
-3.9%
Cash On Cash
5.98%
Cap Rate
0.92
DSCR
$6,538
Rent
-$557
Cashflow
Cash Flow
$6,538 income − $7,095 expenses = $557 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,298
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,538
Total Expenses
$7,095
Mortgage P&I
60%
$3,933
Property Taxes
10%
$637
Home Insurance
4%
$280
HOA
0%
$21
Property Management
12%
$785
CapEx
4%
$262
Vacancy
3%
$196
Maintenance
4%
$262
Other
11%
$719