This property looks like a bad Mid-Term investment with a projected -7.32% first-year return on $166k initial cash invested.
-7.32%
Cash On Cash
5.46%
Cap Rate
0.8
DSCR
$5,780
Rent
-$1,013
Cashflow
Cash Flow
$5,780 income − $6,793 expenses = $1,013 out of pocket
Investment Breakdown
|
Purchase Price
$705k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,049
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,780
Total Expenses
$6,793
Mortgage P&I
69%
$3,991
Property Taxes
10%
$585
Home Insurance
4%
$252
HOA
0%
$0
Property Management
12%
$694
CapEx
4%
$231
Vacancy
3%
$173
Maintenance
4%
$231
Other
11%
$636