This property looks like a bad Mid-Term investment with a projected -10.16% first-year return on $168k initial cash invested.
-10.16%
Cash On Cash
4.28%
Cap Rate
0.68
DSCR
$5,007
Rent
-$1,424
Cashflow
Cash Flow
$5,007 income − $6,431 expenses = $1,424 out of pocket
Investment Breakdown
|
Purchase Price
$715k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,150
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,007
Total Expenses
$6,431
Mortgage P&I
75%
$3,776
Property Taxes
14%
$703
Home Insurance
5%
$250
HOA
0%
$0
Property Management
12%
$601
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$551