This property looks like a bad Mid-Term investment with a projected -9.49% first-year return on $169k initial cash invested.
-9.49%
Cash On Cash
4.43%
Cap Rate
0.7
DSCR
$4,287
Rent
-$1,337
Cashflow
Cash Flow
$4,287 income − $5,624 expenses = $1,337 out of pocket
Investment Breakdown
|
Purchase Price
$719k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,191
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,287
Total Expenses
$5,624
Mortgage P&I
89%
$3,823
Property Taxes
1%
$46
Home Insurance
7%
$298
HOA
0%
$0
Property Management
12%
$514
CapEx
4%
$171
Vacancy
3%
$129
Maintenance
4%
$171
Other
11%
$472