This property looks like a bad Mid-Term investment with a projected -13.07% first-year return on $167k initial cash invested.
-13.07%
Cash On Cash
3.84%
Cap Rate
0.58
DSCR
$4,502
Rent
-$1,814
Cashflow
Cash Flow
$4,502 income − $6,316 expenses = $1,814 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$141k
Closing costs
1%
$7,073
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,502
Total Expenses
$6,316
Mortgage P&I
87%
$3,896
Property Taxes
12%
$528
Home Insurance
6%
$248
HOA
3%
$114
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495