This property looks like a bad Mid-Term investment with a projected -9.33% first-year return on $168k initial cash invested.
-9.33%
Cash On Cash
4.76%
Cap Rate
0.72
DSCR
$4,737
Rent
-$1,304
Cashflow
Cash Flow
$4,737 income − $6,041 expenses = $1,304 out of pocket
Investment Breakdown
|
Purchase Price
$713k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,127
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,737
Total Expenses
$6,041
Mortgage P&I
83%
$3,941
Property Taxes
5%
$248
Home Insurance
5%
$243
HOA
0%
$0
Property Management
12%
$568
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$521