This property looks like a bad Mid-Term investment with a projected -14.04% first-year return on $165k initial cash invested.
-14.04%
Cash On Cash
3.38%
Cap Rate
0.53
DSCR
$4,718
Rent
-$1,934
Cashflow
Cash Flow
$4,718 income − $6,652 expenses = $1,934 out of pocket
Investment Breakdown
|
Purchase Price
$701k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,013
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,718
Total Expenses
$6,652
Mortgage P&I
79%
$3,722
Property Taxes
23%
$1,080
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$519