This property looks like a bad Mid-Term investment with a projected -3.94% first-year return on $169k initial cash invested.
-3.94%
Cash On Cash
6.17%
Cap Rate
0.94
DSCR
$8,196
Rent
-$555
Cashflow
Cash Flow
$8,196 income − $8,751 expenses = $555 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$8,196
Total Expenses
$8,751
Mortgage P&I
48%
$3,931
Property Taxes
22%
$1,780
Home Insurance
3%
$252
HOA
0%
$0
Property Management
12%
$984
CapEx
4%
$328
Vacancy
3%
$246
Maintenance
4%
$328
Other
11%
$902