This property looks like a bad Mid-Term investment with a projected -10.52% first-year return on $167k initial cash invested.
-10.52%
Cash On Cash
4.56%
Cap Rate
0.69
DSCR
$5,859
Rent
-$1,465
Cashflow
Cash Flow
$5,859 income − $7,324 expenses = $1,465 out of pocket
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,099
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,859
Total Expenses
$7,324
Mortgage P&I
67%
$3,926
Property Taxes
20%
$1,153
Home Insurance
4%
$254
HOA
0%
$0
Property Management
12%
$703
CapEx
4%
$234
Vacancy
3%
$176
Maintenance
4%
$234
Other
11%
$644