This property looks like a bad Mid-Term investment with a projected -7.47% first-year return on $167k initial cash invested.
-7.47%
Cash On Cash
5.13%
Cap Rate
0.79
DSCR
$5,462
Rent
-$1,043
Cashflow
Cash Flow
$5,462 income − $6,505 expenses = $1,043 out of pocket
Investment Breakdown
|
Purchase Price
$712k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,118
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,462
Total Expenses
$6,505
Mortgage P&I
71%
$3,866
Property Taxes
9%
$503
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$655
CapEx
4%
$218
Vacancy
3%
$164
Maintenance
4%
$218
Other
11%
$601