This property looks like a bad Mid-Term investment with a projected -13.83% first-year return on $169k initial cash invested.
-13.83%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$4,076
Rent
-$1,952
Cashflow
Cash Flow
$4,076 income − $6,028 expenses = $1,952 out of pocket
Investment Breakdown
|
Purchase Price
$721k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,211
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,076
Total Expenses
$6,028
Mortgage P&I
97%
$3,963
Property Taxes
10%
$425
Home Insurance
6%
$255
HOA
0%
$0
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448