This property looks like a bad Mid-Term investment with a projected -8.36% first-year return on $169k initial cash invested.
-8.36%
Cash On Cash
4.53%
Cap Rate
0.74
DSCR
$6,074
Rent
-$1,179
Cashflow
Cash Flow
$6,074 income − $7,253 expenses = $1,179 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
6.5%
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
$6,074
Total Expenses
$7,253
Mortgage P&I
60%
$3,652
Property Taxes
17%
$1,019
Home Insurance
4%
$252
HOA
4%
$265
Property Management
12%
$729
CapEx
4%
$243
Vacancy
3%
$182
Maintenance
4%
$243
Other
11%
$668