This property looks like a bad Mid-Term investment with a projected -9.73% first-year return on $167k initial cash invested.
-9.73%
Cash On Cash
4.07%
Cap Rate
0.67
DSCR
$4,462
Rent
-$1,352
Cashflow
Cash Flow
$4,462 income − $5,814 expenses = $1,352 out of pocket
Investment Breakdown
|
Purchase Price
$708k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,081
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,462
Total Expenses
$5,814
Mortgage P&I
80%
$3,575
Property Taxes
11%
$478
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$535
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$491