This property looks like a bad Mid-Term investment with a projected -8.89% first-year return on $166k initial cash invested.
-8.89%
Cash On Cash
4.38%
Cap Rate
0.71
DSCR
$4,539
Rent
-$1,233
Cashflow
Cash Flow
$4,539 income − $5,772 expenses = $1,233 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,067
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,539
Total Expenses
$5,772
Mortgage P&I
80%
$3,628
Property Taxes
8%
$352
Home Insurance
5%
$248
HOA
0%
$0
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$499