This property looks like a bad Mid-Term investment with a projected -13.26% first-year return on $169k initial cash invested.
-13.26%
Cash On Cash
3.6%
Cap Rate
0.56
DSCR
$4,806
Rent
-$1,863
Cashflow
Cash Flow
$4,806 income − $6,669 expenses = $1,863 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$143k
Closing costs
1%
$7,169
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,806
Total Expenses
$6,669
Mortgage P&I
79%
$3,819
Property Taxes
19%
$911
Home Insurance
6%
$276
HOA
1%
$29
Property Management
12%
$577
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$529