This property looks like a bad Mid-Term investment with a projected -8.33% first-year return on $165k initial cash invested.
-8.33%
Cash On Cash
4.9%
Cap Rate
0.75
DSCR
$4,660
Rent
-$1,146
Cashflow
Cash Flow
$4,660 income − $5,806 expenses = $1,146 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,660
Total Expenses
$5,806
Mortgage P&I
82%
$3,816
Property Taxes
3%
$161
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$559
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$513