This property looks like a bad Mid-Term investment with a projected -9.98% first-year return on $169k initial cash invested.
-9.98%
Cash On Cash
4.21%
Cap Rate
0.68
DSCR
$4,976
Rent
-$1,407
Cashflow
Cash Flow
$4,976 income − $6,383 expenses = $1,407 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,976
Total Expenses
$6,383
Mortgage P&I
75%
$3,732
Property Taxes
14%
$708
Home Insurance
5%
$252
HOA
0%
$0
Property Management
12%
$597
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$547