This property looks like a bad Mid-Term investment with a projected -12.3% first-year return on $166k initial cash invested.
-12.3%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$4,628
Rent
-$1,698
Cashflow
Cash Flow
$4,628 income − $6,326 expenses = $1,698 out of pocket
Investment Breakdown
|
Purchase Price
$703k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,032
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,628
Total Expenses
$6,326
Mortgage P&I
84%
$3,873
Property Taxes
13%
$620
Home Insurance
5%
$240
HOA
0%
$20
Property Management
12%
$555
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$509