This property looks like a bad Mid-Term investment with a projected -17.99% first-year return on $169k initial cash invested.
-17.99%
Cash On Cash
2.53%
Cap Rate
0.39
DSCR
$2,968
Rent
-$2,538
Cashflow
Cash Flow
$2,968 income − $5,506 expenses = $2,538 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,204
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,968
Total Expenses
$5,506
Mortgage P&I
133%
$3,938
Property Taxes
10%
$297
Home Insurance
9%
$262
HOA
0%
$0
Property Management
12%
$356
CapEx
4%
$119
Vacancy
3%
$89
Maintenance
4%
$119
Other
11%
$326