This property looks like a bad Mid-Term investment with a projected -11.53% first-year return on $165k initial cash invested.
-11.53%
Cash On Cash
3.68%
Cap Rate
0.6
DSCR
$3,856
Rent
-$1,586
Cashflow
Cash Flow
$3,856 income − $5,442 expenses = $1,586 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,856
Total Expenses
$5,442
Mortgage P&I
93%
$3,577
Property Taxes
8%
$309
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424