This property looks like a bad Mid-Term investment with a projected -12.38% first-year return on $165k initial cash invested.
-12.38%
Cash On Cash
3.71%
Cap Rate
0.58
DSCR
$3,903
Rent
-$1,702
Cashflow
Cash Flow
$3,903 income − $5,605 expenses = $1,702 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,903
Total Expenses
$5,605
Mortgage P&I
95%
$3,709
Property Taxes
7%
$280
Home Insurance
6%
$245
HOA
1%
$45
Property Management
12%
$468
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$429