This property looks like a bad Mid-Term investment with a projected -12.97% first-year return on $168k initial cash invested.
-12.97%
Cash On Cash
3.91%
Cap Rate
0.59
DSCR
$5,751
Rent
-$1,814
Cashflow
Cash Flow
$5,751 income − $7,565 expenses = $1,814 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,137
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,751
Total Expenses
$7,565
Mortgage P&I
68%
$3,911
Property Taxes
25%
$1,443
Home Insurance
4%
$255
HOA
0%
$0
Property Management
12%
$690
CapEx
4%
$230
Vacancy
3%
$173
Maintenance
4%
$230
Other
11%
$633