This property looks like a bad Mid-Term investment with a projected -8.48% first-year return on $165k initial cash invested.
-8.48%
Cash On Cash
4.94%
Cap Rate
0.75
DSCR
$5,374
Rent
-$1,164
Cashflow
Cash Flow
$5,374 income − $6,538 expenses = $1,164 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,374
Total Expenses
$6,538
Mortgage P&I
71%
$3,825
Property Taxes
12%
$641
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$645
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$591