This property looks like a bad Mid-Term investment with a projected -11.11% first-year return on $168k initial cash invested.
-11.11%
Cash On Cash
4.04%
Cap Rate
0.64
DSCR
$4,995
Rent
-$1,555
Cashflow
Cash Flow
$4,995 income − $6,550 expenses = $1,555 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
6.9%
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
$4,995
Total Expenses
$6,550
Mortgage P&I
75%
$3,763
Property Taxes
14%
$695
Home Insurance
5%
$271
HOA
2%
$123
Property Management
12%
$599
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$549