This property looks like a bad Mid-Term investment with a projected -9.18% first-year return on $165k initial cash invested.
-9.18%
Cash On Cash
4.47%
Cap Rate
0.71
DSCR
$4,682
Rent
-$1,262
Cashflow
Cash Flow
$4,682 income − $5,944 expenses = $1,262 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%
$7,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,682
Total Expenses
$5,944
Mortgage P&I
79%
$3,681
Property Taxes
8%
$362
Home Insurance
5%
$245
HOA
1%
$65
Property Management
12%
$562
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$515