This property looks like a bad Mid-Term investment with a projected -13.43% first-year return on $167k initial cash invested.
-13.43%
Cash On Cash
3.68%
Cap Rate
0.56
DSCR
$4,353
Rent
-$1,873
Cashflow
Cash Flow
$4,353 income − $6,226 expenses = $1,873 out of pocket
Investment Breakdown
|
Purchase Price
$711k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,112
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,353
Total Expenses
$6,226
Mortgage P&I
89%
$3,881
Property Taxes
14%
$591
Home Insurance
6%
$254
HOA
0%
$20
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479