This property looks like a bad Mid-Term investment with a projected -8.94% first-year return on $166k initial cash invested.
-8.94%
Cash On Cash
4.87%
Cap Rate
0.73
DSCR
$5,056
Rent
-$1,234
Cashflow
Cash Flow
$5,056 income − $6,290 expenses = $1,234 out of pocket
Investment Breakdown
|
Purchase Price
$703k
Downpayment
20.0%
Interest Rate
7.4%
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
$5,056
Total Expenses
$6,290
Mortgage P&I
77%
$3,883
Property Taxes
9%
$460
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$607
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$556