This property looks like a bad Mid-Term investment with a projected -10.15% first-year return on $169k initial cash invested.
-10.15%
Cash On Cash
4.44%
Cap Rate
0.68
DSCR
$4,665
Rent
-$1,432
Cashflow
Cash Flow
$4,665 income − $6,097 expenses = $1,432 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,665
Total Expenses
$6,097
Mortgage P&I
84%
$3,913
Property Taxes
4%
$200
Home Insurance
6%
$262
HOA
3%
$135
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$513