This property looks like a bad Mid-Term investment with a projected -18.71% first-year return on $169k initial cash invested.
-18.71%
Cash On Cash
2.26%
Cap Rate
0.35
DSCR
$2,715
Rent
-$2,638
Cashflow
Cash Flow
$2,715 income − $5,353 expenses = $2,638 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,715
Total Expenses
$5,353
Mortgage P&I
143%
$3,885
Property Taxes
11%
$292
Home Insurance
9%
$252
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$81
Maintenance
4%
$109
Other
11%
$299