This property looks like a bad Mid-Term investment with a projected -2.42% first-year return on $169k initial cash invested.
-2.42%
Cash On Cash
6.32%
Cap Rate
0.98
DSCR
$6,278
Rent
-$341
Cashflow
Cash Flow
$6,278 income − $6,619 expenses = $341 out of pocket
Investment Breakdown
|
Purchase Price
$721k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,205
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,278
Total Expenses
$6,619
Mortgage P&I
62%
$3,887
Property Taxes
5%
$336
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$753
CapEx
4%
$251
Vacancy
3%
$188
Maintenance
4%
$251
Other
11%
$691