This property looks like a bad Mid-Term investment with a projected -12.16% first-year return on $166k initial cash invested.
-12.16%
Cash On Cash
4.34%
Cap Rate
0.64
DSCR
$5,392
Rent
-$1,679
Cashflow
Cash Flow
$5,392 income − $7,071 expenses = $1,679 out of pocket
Investment Breakdown
|
Purchase Price
$704k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,036
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,392
Total Expenses
$7,071
Mortgage P&I
74%
$4,010
Property Taxes
18%
$973
Home Insurance
5%
$254
HOA
0%
$0
Property Management
12%
$647
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$593