This property looks like a bad Mid-Term investment with a projected -12.01% first-year return on $165k initial cash invested.
-12.01%
Cash On Cash
4.09%
Cap Rate
0.62
DSCR
$4,230
Rent
-$1,651
Cashflow
Cash Flow
$4,230 income − $5,881 expenses = $1,651 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,998
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,230
Total Expenses
$5,881
Mortgage P&I
91%
$3,870
Property Taxes
8%
$319
Home Insurance
6%
$254
HOA
0%
$0
Property Management
12%
$508
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465