This property looks like a bad Mid-Term investment with a projected -10.76% first-year return on $165k initial cash invested.
-10.76%
Cash On Cash
4.39%
Cap Rate
0.67
DSCR
$5,214
Rent
-$1,479
Cashflow
Cash Flow
$5,214 income − $6,693 expenses = $1,479 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,214
Total Expenses
$6,693
Mortgage P&I
73%
$3,828
Property Taxes
16%
$846
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$626
CapEx
4%
$209
Vacancy
3%
$156
Maintenance
4%
$209
Other
11%
$574