This property looks like a bad Mid-Term investment with a projected -15.75% first-year return on $167k initial cash invested.
-15.75%
Cash On Cash
3.16%
Cap Rate
0.48
DSCR
$3,312
Rent
-$2,188
Cashflow
Cash Flow
$3,312 income − $5,500 expenses = $2,188 out of pocket
Investment Breakdown
|
Purchase Price
$708k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,079
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,312
Total Expenses
$5,500
Mortgage P&I
118%
$3,923
Property Taxes
6%
$199
Home Insurance
8%
$254
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364