This property looks like a bad Mid-Term investment with a projected -14.39% first-year return on $168k initial cash invested.
-14.39%
Cash On Cash
3.74%
Cap Rate
0.55
DSCR
$4,330
Rent
-$2,012
Cashflow
Cash Flow
$4,330 income − $6,342 expenses = $2,012 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,135
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,330
Total Expenses
$6,342
Mortgage P&I
94%
$4,065
Property Taxes
13%
$551
Home Insurance
6%
$254
HOA
0%
$0
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$476