This property looks like a bad Mid-Term investment with a projected -9.86% first-year return on $166k initial cash invested.
-9.86%
Cash On Cash
4.52%
Cap Rate
0.7
DSCR
$5,262
Rent
-$1,360
Cashflow
Cash Flow
$5,262 income − $6,622 expenses = $1,360 out of pocket
Investment Breakdown
|
Purchase Price
$703k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,026
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,262
Total Expenses
$6,622
Mortgage P&I
72%
$3,798
Property Taxes
15%
$788
Home Insurance
5%
$248
HOA
0%
$0
Property Management
12%
$631
CapEx
4%
$210
Vacancy
3%
$158
Maintenance
4%
$210
Other
11%
$579