This property looks like a bad Mid-Term investment with a projected -15.85% first-year return on $168k initial cash invested.
-15.85%
Cash On Cash
3.06%
Cap Rate
0.47
DSCR
$3,888
Rent
-$2,217
Cashflow
Cash Flow
$3,888 income − $6,105 expenses = $2,217 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,137
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,888
Total Expenses
$6,105
Mortgage P&I
100%
$3,881
Property Taxes
13%
$505
Home Insurance
6%
$250
HOA
4%
$145
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428