This property looks like a bad Mid-Term investment with a projected -8.6% first-year return on $166k initial cash invested.
-8.6%
Cash On Cash
4.8%
Cap Rate
0.74
DSCR
$5,354
Rent
-$1,190
Cashflow
Cash Flow
$5,354 income − $6,544 expenses = $1,190 out of pocket
Investment Breakdown
|
Purchase Price
$705k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,046
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,354
Total Expenses
$6,544
Mortgage P&I
71%
$3,797
Property Taxes
13%
$682
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$642
CapEx
4%
$214
Vacancy
3%
$161
Maintenance
4%
$214
Other
11%
$589