This property looks like a bad Mid-Term investment with a projected -10.11% first-year return on $165k initial cash invested.
-10.11%
Cash On Cash
4.29%
Cap Rate
0.67
DSCR
$4,256
Rent
-$1,390
Cashflow
Cash Flow
$4,256 income − $5,646 expenses = $1,390 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,256
Total Expenses
$5,646
Mortgage P&I
87%
$3,720
Property Taxes
6%
$234
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468