This property looks like a bad Mid-Term investment with a projected -9.66% first-year return on $165k initial cash invested.
-9.66%
Cash On Cash
4.1%
Cap Rate
0.67
DSCR
$4,372
Rent
-$1,326
Cashflow
Cash Flow
$4,372 income − $5,698 expenses = $1,326 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,372
Total Expenses
$5,698
Mortgage P&I
81%
$3,539
Property Taxes
10%
$427
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481