This property looks like a bad Mid-Term investment with a projected -6.71% first-year return on $169k initial cash invested.
-6.71%
Cash On Cash
5.32%
Cap Rate
0.82
DSCR
$5,595
Rent
-$948
Cashflow
Cash Flow
$5,595 income − $6,543 expenses = $948 out of pocket
Investment Breakdown
|
Purchase Price
$721k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,214
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,595
Total Expenses
$6,543
Mortgage P&I
70%
$3,921
Property Taxes
8%
$466
Home Insurance
5%
$254
HOA
0%
$0
Property Management
12%
$671
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$615