This property looks like a bad Mid-Term investment with a projected -11.86% first-year return on $171k initial cash invested.
-11.86%
Cash On Cash
3.94%
Cap Rate
0.61
DSCR
$4,542
Rent
-$1,692
Cashflow
Cash Flow
$4,542 income − $6,234 expenses = $1,692 out of pocket
Investment Breakdown
|
Purchase Price
$729k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,294
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,542
Total Expenses
$6,234
Mortgage P&I
86%
$3,907
Property Taxes
12%
$524
Home Insurance
6%
$258
HOA
0%
$0
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$500