This property looks like a bad Mid-Term investment with a projected -9.41% first-year return on $168k initial cash invested.
-9.41%
Cash On Cash
4.57%
Cap Rate
0.71
DSCR
$5,304
Rent
-$1,317
Cashflow
Cash Flow
$5,304 income − $6,621 expenses = $1,317 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,144
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,304
Total Expenses
$6,621
Mortgage P&I
72%
$3,826
Property Taxes
14%
$738
Home Insurance
5%
$255
HOA
0%
$0
Property Management
12%
$636
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$583