This property looks like a bad Mid-Term investment with a projected -11.54% first-year return on $167k initial cash invested.
-11.54%
Cash On Cash
3.72%
Cap Rate
0.61
DSCR
$5,082
Rent
-$1,604
Cashflow
Cash Flow
$5,082 income − $6,686 expenses = $1,604 out of pocket
Investment Breakdown
|
Purchase Price
$708k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,084
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,082
Total Expenses
$6,686
Mortgage P&I
71%
$3,597
Property Taxes
16%
$805
Home Insurance
5%
$262
HOA
6%
$295
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$559