This property looks like a bad Mid-Term investment with a projected -11.42% first-year return on $166k initial cash invested.
-11.42%
Cash On Cash
4.03%
Cap Rate
0.63
DSCR
$4,700
Rent
-$1,576
Cashflow
Cash Flow
$4,700 income − $6,276 expenses = $1,576 out of pocket
Investment Breakdown
|
Purchase Price
$703k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,028
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,700
Total Expenses
$6,276
Mortgage P&I
80%
$3,748
Property Taxes
15%
$686
Home Insurance
5%
$244
HOA
0%
$0
Property Management
12%
$564
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$517