This property looks like a bad Mid-Term investment with a projected -8.32% first-year return on $165k initial cash invested.
-8.32%
Cash On Cash
4.84%
Cap Rate
0.75
DSCR
$4,660
Rent
-$1,143
Cashflow
Cash Flow
$4,660 income − $5,803 expenses = $1,143 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,660
Total Expenses
$5,803
Mortgage P&I
81%
$3,778
Property Taxes
3%
$156
Home Insurance
5%
$245
HOA
1%
$40
Property Management
12%
$559
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$513