This property looks like a bad Mid-Term investment with a projected -8.32% first-year return on $165k initial cash invested.
-8.32%
Cash On Cash
4.89%
Cap Rate
0.76
DSCR
$5,661
Rent
-$1,143
Cashflow
Cash Flow
$5,661 income − $6,804 expenses = $1,143 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,661
Total Expenses
$6,804
Mortgage P&I
67%
$3,767
Property Taxes
12%
$658
Home Insurance
4%
$245
HOA
4%
$210
Property Management
12%
$679
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$623