This property looks like a bad Mid-Term investment with a projected -8.06% first-year return on $171k initial cash invested.
-8.06%
Cash On Cash
4.84%
Cap Rate
0.76
DSCR
$5,940
Rent
-$1,151
Cashflow
Cash Flow
$5,940 income − $7,091 expenses = $1,151 out of pocket
Investment Breakdown
|
Purchase Price
$731k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$146k
Closing costs
1%
$7,308
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,940
Total Expenses
$7,091
Mortgage P&I
65%
$3,860
Property Taxes
16%
$949
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$713
CapEx
4%
$238
Vacancy
3%
$178
Maintenance
4%
$238
Other
11%
$653