This property looks like a bad Mid-Term investment with a projected -11.97% first-year return on $169k initial cash invested.
-11.97%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$4,818
Rent
-$1,690
Cashflow
Cash Flow
$4,818 income − $6,508 expenses = $1,690 out of pocket
Investment Breakdown
|
Purchase Price
$721k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,211
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,818
Total Expenses
$6,508
Mortgage P&I
82%
$3,952
Property Taxes
14%
$655
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$578
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$530