This property looks like a bad Mid-Term investment with a projected -9.13% first-year return on $165k initial cash invested.
-9.13%
Cash On Cash
4.57%
Cap Rate
0.72
DSCR
$5,134
Rent
-$1,254
Cashflow
Cash Flow
$5,134 income − $6,388 expenses = $1,254 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,134
Total Expenses
$6,388
Mortgage P&I
72%
$3,711
Property Taxes
13%
$687
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$616
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$565