This property looks like a bad Mid-Term investment with a projected -13.05% first-year return on $164k initial cash invested.
-13.05%
Cash On Cash
3.66%
Cap Rate
0.57
DSCR
$4,965
Rent
-$1,788
Cashflow
Cash Flow
$4,965 income − $6,753 expenses = $1,788 out of pocket
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,971
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,965
Total Expenses
$6,753
Mortgage P&I
75%
$3,717
Property Taxes
14%
$672
Home Insurance
5%
$241
HOA
9%
$434
Property Management
12%
$596
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$546