This property looks like a bad Mid-Term investment with a projected -16.86% first-year return on $172k initial cash invested.
-16.86%
Cash On Cash
2.72%
Cap Rate
0.42
DSCR
$4,044
Rent
-$2,412
Cashflow
Cash Flow
$4,044 income − $6,456 expenses = $2,412 out of pocket
Investment Breakdown
|
Purchase Price
$732k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$146k
Closing costs
1%
$7,320
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,044
Total Expenses
$6,456
Mortgage P&I
97%
$3,909
Property Taxes
23%
$916
Home Insurance
6%
$256
HOA
0%
$0
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445