This property looks like a bad Mid-Term investment with a projected -13.05% first-year return on $171k initial cash invested.
-13.05%
Cash On Cash
3.88%
Cap Rate
0.59
DSCR
$5,220
Rent
-$1,862
Cashflow
Cash Flow
$5,220 income − $7,082 expenses = $1,862 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,299
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,220
Total Expenses
$7,082
Mortgage P&I
77%
$4,010
Property Taxes
20%
$1,041
Home Insurance
5%
$256
HOA
0%
$0
Property Management
12%
$626
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$574