This property looks like a bad Mid-Term investment with a projected -8.99% first-year return on $166k initial cash invested.
-8.99%
Cash On Cash
4.5%
Cap Rate
0.71
DSCR
$4,466
Rent
-$1,245
Cashflow
Cash Flow
$4,466 income − $5,711 expenses = $1,245 out of pocket
Investment Breakdown
|
Purchase Price
$706k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,060
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,466
Total Expenses
$5,711
Mortgage P&I
83%
$3,712
Property Taxes
5%
$209
Home Insurance
6%
$271
HOA
0%
$0
Property Management
12%
$536
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$491