This property looks like a bad Mid-Term investment with a projected -8.7% first-year return on $165k initial cash invested.
-8.7%
Cash On Cash
4.82%
Cap Rate
0.74
DSCR
$5,088
Rent
-$1,196
Cashflow
Cash Flow
$5,088 income − $6,284 expenses = $1,196 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,995
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,088
Total Expenses
$6,284
Mortgage P&I
75%
$3,802
Property Taxes
10%
$505
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$611
CapEx
4%
$204
Vacancy
3%
$153
Maintenance
4%
$204
Other
11%
$560