This property looks like a bad Mid-Term investment with a projected -12.54% first-year return on $167k initial cash invested.
-12.54%
Cash On Cash
3.94%
Cap Rate
0.6
DSCR
$4,245
Rent
-$1,744
Cashflow
Cash Flow
$4,245 income − $5,989 expenses = $1,744 out of pocket
Investment Breakdown
|
Purchase Price
$709k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,090
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,245
Total Expenses
$5,989
Mortgage P&I
92%
$3,901
Property Taxes
9%
$400
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$467