This property looks like a bad Mid-Term investment with a projected -10.45% first-year return on $166k initial cash invested.
-10.45%
Cash On Cash
4.29%
Cap Rate
0.67
DSCR
$4,922
Rent
-$1,447
Cashflow
Cash Flow
$4,922 income − $6,369 expenses = $1,447 out of pocket
Investment Breakdown
|
Purchase Price
$706k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,058
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,922
Total Expenses
$6,369
Mortgage P&I
77%
$3,772
Property Taxes
14%
$673
Home Insurance
5%
$250
HOA
0%
$0
Property Management
12%
$591
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$541