This property looks like a bad Mid-Term investment with a projected -11.67% first-year return on $166k initial cash invested.
-11.67%
Cash On Cash
4.15%
Cap Rate
0.63
DSCR
$4,374
Rent
-$1,611
Cashflow
Cash Flow
$4,374 income − $5,985 expenses = $1,611 out of pocket
Investment Breakdown
|
Purchase Price
$703k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,028
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,374
Total Expenses
$5,985
Mortgage P&I
88%
$3,866
Property Taxes
7%
$317
Home Insurance
7%
$315
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481