This property looks like a bad Mid-Term investment with a projected -10.91% first-year return on $169k initial cash invested.
-10.91%
Cash On Cash
4.25%
Cap Rate
0.66
DSCR
$5,430
Rent
-$1,539
Cashflow
Cash Flow
$5,430 income − $6,969 expenses = $1,539 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%
$7,204
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,430
Total Expenses
$6,969
Mortgage P&I
71%
$3,871
Property Taxes
18%
$983
Home Insurance
5%
$269
HOA
0%
$0
Property Management
12%
$652
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$597