This property looks like a bad Mid-Term investment with a projected -7.19% first-year return on $166k initial cash invested.
-7.19%
Cash On Cash
5.1%
Cap Rate
0.79
DSCR
$4,948
Rent
-$994
Cashflow
Cash Flow
$4,948 income − $5,942 expenses = $994 out of pocket
Investment Breakdown
|
Purchase Price
$704k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,042
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,948
Total Expenses
$5,942
Mortgage P&I
77%
$3,787
Property Taxes
4%
$219
Home Insurance
5%
$254
HOA
0%
$0
Property Management
12%
$594
CapEx
4%
$198
Vacancy
3%
$148
Maintenance
4%
$198
Other
11%
$544