This property looks like a bad Mid-Term investment with a projected -10.97% first-year return on $166k initial cash invested.
-10.97%
Cash On Cash
4.23%
Cap Rate
0.65
DSCR
$4,918
Rent
-$1,514
Cashflow
Cash Flow
$4,918 income − $6,432 expenses = $1,514 out of pocket
Investment Breakdown
|
Purchase Price
$703k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,028
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,918
Total Expenses
$6,432
Mortgage P&I
77%
$3,796
Property Taxes
14%
$679
Home Insurance
5%
$250
HOA
1%
$34
Property Management
12%
$590
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$541