This property looks like a bad Mid-Term investment with a projected -11.19% first-year return on $168k initial cash invested.
-11.19%
Cash On Cash
4.08%
Cap Rate
0.64
DSCR
$5,127
Rent
-$1,571
Cashflow
Cash Flow
$5,127 income − $6,698 expenses = $1,571 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,165
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,127
Total Expenses
$6,698
Mortgage P&I
74%
$3,804
Property Taxes
13%
$659
Home Insurance
5%
$254
HOA
5%
$238
Property Management
12%
$615
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$564