This property looks like a bad Mid-Term investment with a projected -7.58% first-year return on $168k initial cash invested.
-7.58%
Cash On Cash
5.08%
Cap Rate
0.78
DSCR
$5,700
Rent
-$1,063
Cashflow
Cash Flow
$5,700 income − $6,763 expenses = $1,063 out of pocket
Investment Breakdown
|
Purchase Price
$715k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,153
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,700
Total Expenses
$6,763
Mortgage P&I
68%
$3,864
Property Taxes
12%
$707
Home Insurance
4%
$254
HOA
0%
$0
Property Management
12%
$684
CapEx
4%
$228
Vacancy
3%
$171
Maintenance
4%
$228
Other
11%
$627