This property looks like a bad Mid-Term investment with a projected -22.37% first-year return on $169k initial cash invested.
-22.37%
Cash On Cash
0.91%
Cap Rate
0.15
DSCR
$1,180
Rent
-$3,154
Cashflow
Cash Flow
$1,180 income − $4,334 expenses = $3,154 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,200
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$1,180
Total Expenses
$4,334
Mortgage P&I
310%
$3,653
Property Taxes
2%
$28
Home Insurance
21%
$252
HOA
0%
$0
Property Management
12%
$142
CapEx
4%
$47
Vacancy
3%
$35
Maintenance
4%
$47
Other
11%
$130