This property looks like a bad Mid-Term investment with a projected -22% first-year return on $169k initial cash invested.
-22%
Cash On Cash
0.94%
Cap Rate
0.16
DSCR
$1,749
Rent
-$3,102
Cashflow
Cash Flow
$1,749 income − $4,851 expenses = $3,102 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,749
Total Expenses
$4,851
Mortgage P&I
205%
$3,593
Property Taxes
24%
$412
Home Insurance
14%
$252
HOA
0%
$0
Property Management
12%
$210
CapEx
4%
$70
Vacancy
3%
$52
Maintenance
4%
$70
Other
11%
$192