This property looks like a bad Mid-Term investment with a projected -10.06% first-year return on $168k initial cash invested.
-10.06%
Cash On Cash
4.26%
Cap Rate
0.68
DSCR
$4,742
Rent
-$1,407
Cashflow
Cash Flow
$4,742 income − $6,149 expenses = $1,407 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,135
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,742
Total Expenses
$6,149
Mortgage P&I
79%
$3,749
Property Taxes
11%
$531
Home Insurance
5%
$256
HOA
0%
$0
Property Management
12%
$569
CapEx
4%
$190
Vacancy
3%
$142
Maintenance
4%
$190
Other
11%
$522