This property looks like a bad Mid-Term investment with a projected -11.65% first-year return on $167k initial cash invested.
-11.65%
Cash On Cash
4.09%
Cap Rate
0.63
DSCR
$5,678
Rent
-$1,624
Cashflow
Cash Flow
$5,678 income − $7,302 expenses = $1,624 out of pocket
Investment Breakdown
|
Purchase Price
$711k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,107
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,678
Total Expenses
$7,302
Mortgage P&I
67%
$3,819
Property Taxes
23%
$1,283
Home Insurance
5%
$270
HOA
0%
$0
Property Management
12%
$681
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$625