This property looks like a bad Mid-Term investment with a projected -19.43% first-year return on $169k initial cash invested.
-19.43%
Cash On Cash
2.24%
Cap Rate
0.34
DSCR
$2,487
Rent
-$2,732
Cashflow
Cash Flow
$2,487 income − $5,219 expenses = $2,732 out of pocket
Investment Breakdown
|
Purchase Price
$718k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,179
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,487
Total Expenses
$5,219
Mortgage P&I
160%
$3,972
Property Taxes
6%
$151
Home Insurance
10%
$251
HOA
0%
$0
Property Management
12%
$298
CapEx
4%
$99
Vacancy
3%
$75
Maintenance
4%
$99
Other
11%
$274