This property looks like a bad Mid-Term investment with a projected -8.9% first-year return on $171k initial cash invested.
-8.9%
Cash On Cash
4.86%
Cap Rate
0.74
DSCR
$5,139
Rent
-$1,270
Cashflow
Cash Flow
$5,139 income − $6,409 expenses = $1,270 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
$5,139
Total Expenses
$6,409
Mortgage P&I
78%
$4,018
Property Taxes
8%
$387
Home Insurance
5%
$256
HOA
0%
$0
Property Management
12%
$617
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$565