This property looks like a bad Mid-Term investment with a projected -5.37% first-year return on $169k initial cash invested.
-5.37%
Cash On Cash
5.69%
Cap Rate
0.87
DSCR
$6,680
Rent
-$755
Cashflow
Cash Flow
$6,680 income − $7,435 expenses = $755 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$143k
Closing costs
1%
$7,172
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,680
Total Expenses
$7,435
Mortgage P&I
58%
$3,887
Property Taxes
15%
$1,034
Home Insurance
4%
$243
HOA
0%
$0
Property Management
12%
$802
CapEx
4%
$267
Vacancy
3%
$200
Maintenance
4%
$267
Other
11%
$735