This property looks like a bad Mid-Term investment with a projected -12.51% first-year return on $169k initial cash invested.
-12.51%
Cash On Cash
3.37%
Cap Rate
0.56
DSCR
$3,722
Rent
-$1,767
Cashflow
Cash Flow
$3,722 income − $5,489 expenses = $1,767 out of pocket
Investment Breakdown
|
Purchase Price
$721k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,722
Total Expenses
$5,489
Mortgage P&I
98%
$3,646
Property Taxes
8%
$313
Home Insurance
7%
$264
HOA
0%
$0
Property Management
12%
$447
CapEx
4%
$149
Vacancy
3%
$112
Maintenance
4%
$149
Other
11%
$409