This property looks like a bad Mid-Term investment with a projected -8.83% first-year return on $165k initial cash invested.
-8.83%
Cash On Cash
4.89%
Cap Rate
0.74
DSCR
$5,012
Rent
-$1,218
Cashflow
Cash Flow
$5,012 income − $6,230 expenses = $1,218 out of pocket
Investment Breakdown
|
Purchase Price
$702k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,021
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,012
Total Expenses
$6,230
Mortgage P&I
77%
$3,879
Property Taxes
8%
$376
Home Insurance
5%
$273
HOA
0%
$0
Property Management
12%
$601
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$551