This property looks like a bad Mid-Term investment with a projected -10.9% first-year return on $168k initial cash invested.
-10.9%
Cash On Cash
4.13%
Cap Rate
0.65
DSCR
$4,719
Rent
-$1,524
Cashflow
Cash Flow
$4,719 income − $6,243 expenses = $1,524 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,136
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,719
Total Expenses
$6,243
Mortgage P&I
80%
$3,789
Property Taxes
13%
$613
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$519