This property looks like a bad Mid-Term investment with a projected -9.8% first-year return on $168k initial cash invested.
-9.8%
Cash On Cash
4.05%
Cap Rate
0.67
DSCR
$4,856
Rent
-$1,376
Cashflow
Cash Flow
$4,856 income − $6,232 expenses = $1,376 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,165
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,856
Total Expenses
$6,232
Mortgage P&I
74%
$3,603
Property Taxes
13%
$635
Home Insurance
5%
$254
HOA
2%
$89
Property Management
12%
$583
CapEx
4%
$194
Vacancy
3%
$146
Maintenance
4%
$194
Other
11%
$534