This property looks like a bad Mid-Term investment with a projected -12.2% first-year return on $169k initial cash invested.
-12.2%
Cash On Cash
3.96%
Cap Rate
0.61
DSCR
$4,674
Rent
-$1,719
Cashflow
Cash Flow
$4,674 income − $6,393 expenses = $1,719 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,196
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,674
Total Expenses
$6,393
Mortgage P&I
84%
$3,906
Property Taxes
14%
$653
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$561
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$514