This property looks like a bad Mid-Term investment with a projected -11.61% first-year return on $165k initial cash invested.
-11.61%
Cash On Cash
4.15%
Cap Rate
0.63
DSCR
$4,396
Rent
-$1,596
Cashflow
Cash Flow
$4,396 income − $5,992 expenses = $1,596 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,998
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,396
Total Expenses
$5,992
Mortgage P&I
87%
$3,843
Property Taxes
9%
$408
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$528
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$484