This property looks like a bad Mid-Term investment with a projected -10.33% first-year return on $167k initial cash invested.
-10.33%
Cash On Cash
4.1%
Cap Rate
0.66
DSCR
$4,122
Rent
-$1,439
Cashflow
Cash Flow
$4,122 income − $5,561 expenses = $1,439 out of pocket
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,102
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,122
Total Expenses
$5,561
Mortgage P&I
90%
$3,702
Property Taxes
5%
$199
Home Insurance
6%
$258
HOA
0%
$0
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453