This property looks like a bad Mid-Term investment with a projected -10.37% first-year return on $165k initial cash invested.
-10.37%
Cash On Cash
4.18%
Cap Rate
0.66
DSCR
$4,584
Rent
-$1,426
Cashflow
Cash Flow
$4,584 income − $6,010 expenses = $1,426 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,584
Total Expenses
$6,010
Mortgage P&I
80%
$3,683
Property Taxes
11%
$524
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$550
CapEx
4%
$183
Vacancy
3%
$138
Maintenance
4%
$183
Other
11%
$504