This property looks like a bad Mid-Term investment with a projected -7.51% first-year return on $167k initial cash invested.
-7.51%
Cash On Cash
5.17%
Cap Rate
0.78
DSCR
$5,122
Rent
-$1,043
Cashflow
Cash Flow
$5,122 income − $6,165 expenses = $1,043 out of pocket
Investment Breakdown
|
Purchase Price
$708k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,075
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,122
Total Expenses
$6,165
Mortgage P&I
76%
$3,888
Property Taxes
5%
$278
Home Insurance
5%
$257
HOA
0%
$0
Property Management
12%
$615
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$563