This property looks like a bad Mid-Term investment with a projected -13.06% first-year return on $166k initial cash invested.
-13.06%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$3,975
Rent
-$1,810
Cashflow
Cash Flow
$3,975 income − $5,785 expenses = $1,810 out of pocket
Investment Breakdown
|
Purchase Price
$706k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,061
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,975
Total Expenses
$5,785
Mortgage P&I
98%
$3,891
Property Taxes
7%
$281
Home Insurance
7%
$262
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437