This property looks like a bad Mid-Term investment with a projected -11.73% first-year return on $165k initial cash invested.
-11.73%
Cash On Cash
4.14%
Cap Rate
0.63
DSCR
$5,240
Rent
-$1,617
Cashflow
Cash Flow
$5,240 income − $6,857 expenses = $1,617 out of pocket
Investment Breakdown
|
Purchase Price
$702k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,020
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,240
Total Expenses
$6,857
Mortgage P&I
73%
$3,828
Property Taxes
12%
$634
Home Insurance
5%
$248
HOA
7%
$365
Property Management
12%
$629
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$576