This property looks like a bad Mid-Term investment with a projected -8.25% first-year return on $166k initial cash invested.
-8.25%
Cash On Cash
4.82%
Cap Rate
0.75
DSCR
$4,908
Rent
-$1,144
Cashflow
Cash Flow
$4,908 income − $6,052 expenses = $1,144 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,070
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,908
Total Expenses
$6,052
Mortgage P&I
77%
$3,790
Property Taxes
6%
$290
Home Insurance
5%
$262
HOA
1%
$42
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540