This property looks like a bad Mid-Term investment with a projected -8.6% first-year return on $171k initial cash invested.
-8.6%
Cash On Cash
4.38%
Cap Rate
0.72
DSCR
$4,672
Rent
-$1,227
Cashflow
Cash Flow
$4,672 income − $5,899 expenses = $1,227 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,300
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,672
Total Expenses
$5,899
Mortgage P&I
79%
$3,703
Property Taxes
7%
$345
Home Insurance
6%
$262
HOA
0%
$0
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$514