This property looks like a bad Mid-Term investment with a projected -12.04% first-year return on $171k initial cash invested.
-12.04%
Cash On Cash
4.18%
Cap Rate
0.63
DSCR
$5,668
Rent
-$1,717
Cashflow
Cash Flow
$5,668 income − $7,385 expenses = $1,717 out of pocket
Investment Breakdown
|
Purchase Price
$729k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,290
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,668
Total Expenses
$7,385
Mortgage P&I
71%
$4,031
Property Taxes
21%
$1,172
Home Insurance
5%
$255
HOA
0%
$0
Property Management
12%
$680
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$623