This property looks like a bad Mid-Term investment with a projected -2.69% first-year return on $169k initial cash invested.
-2.69%
Cash On Cash
6.29%
Cap Rate
0.97
DSCR
$6,506
Rent
-$379
Cashflow
Cash Flow
$6,506 income − $6,885 expenses = $379 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%
$7,202
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,506
Total Expenses
$6,885
Mortgage P&I
60%
$3,893
Property Taxes
9%
$588
Home Insurance
3%
$192
HOA
0%
$0
Property Management
12%
$781
CapEx
4%
$260
Vacancy
3%
$195
Maintenance
4%
$260
Other
11%
$716