This property looks like a bad Mid-Term investment with a projected -8.89% first-year return on $165k initial cash invested.
-8.89%
Cash On Cash
4.38%
Cap Rate
0.72
DSCR
$5,252
Rent
-$1,225
Cashflow
Cash Flow
$5,252 income − $6,477 expenses = $1,225 out of pocket
Investment Breakdown
|
Purchase Price
$701k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,014
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,252
Total Expenses
$6,477
Mortgage P&I
68%
$3,574
Property Taxes
17%
$875
Home Insurance
5%
$242
HOA
0%
$0
Property Management
12%
$630
CapEx
4%
$210
Vacancy
3%
$158
Maintenance
4%
$210
Other
11%
$578