This property looks like a bad Mid-Term investment with a projected -9.17% first-year return on $167k initial cash invested.
-9.17%
Cash On Cash
4.33%
Cap Rate
0.7
DSCR
$4,737
Rent
-$1,278
Cashflow
Cash Flow
$4,737 income − $6,015 expenses = $1,278 out of pocket
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,103
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,737
Total Expenses
$6,015
Mortgage P&I
77%
$3,651
Property Taxes
11%
$501
Home Insurance
5%
$254
HOA
0%
$0
Property Management
12%
$568
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$521