This property looks like a bad Mid-Term investment with a projected -20.31% first-year return on $169k initial cash invested.
-20.31%
Cash On Cash
1.65%
Cap Rate
0.27
DSCR
$3,255
Rent
-$2,860
Cashflow
Cash Flow
$3,255 income − $6,115 expenses = $2,860 out of pocket
Investment Breakdown
|
Purchase Price
$719k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,190
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,255
Total Expenses
$6,115
Mortgage P&I
114%
$3,721
Property Taxes
26%
$852
Home Insurance
8%
$262
HOA
5%
$173
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358