This property looks like a bad Mid-Term investment with a projected -4.62% first-year return on $169k initial cash invested.
-4.62%
Cash On Cash
5.97%
Cap Rate
0.9
DSCR
$6,273
Rent
-$653
Cashflow
Cash Flow
$6,273 income − $6,926 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$721k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,214
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,273
Total Expenses
$6,926
Mortgage P&I
64%
$3,989
Property Taxes
9%
$549
Home Insurance
4%
$255
HOA
0%
$0
Property Management
12%
$753
CapEx
4%
$251
Vacancy
3%
$188
Maintenance
4%
$251
Other
11%
$690