This property looks like a bad Mid-Term investment with a projected -10.52% first-year return on $169k initial cash invested.
-10.52%
Cash On Cash
3.92%
Cap Rate
0.64
DSCR
$4,641
Rent
-$1,479
Cashflow
Cash Flow
$4,641 income − $6,120 expenses = $1,479 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$143k
Closing costs
1%
$7,174
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,641
Total Expenses
$6,120
Mortgage P&I
78%
$3,639
Property Taxes
14%
$650
Home Insurance
5%
$252
HOA
0%
$0
Property Management
12%
$557
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$511