This property looks like a bad Mid-Term investment with a projected -8.8% first-year return on $169k initial cash invested.
-8.8%
Cash On Cash
4.32%
Cap Rate
0.71
DSCR
$4,794
Rent
-$1,240
Cashflow
Cash Flow
$4,794 income − $6,034 expenses = $1,240 out of pocket
Investment Breakdown
|
Purchase Price
$719k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,192
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,794
Total Expenses
$6,034
Mortgage P&I
76%
$3,637
Property Taxes
11%
$515
Home Insurance
5%
$252
HOA
0%
$0
Property Management
12%
$575
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$527