This property looks like a bad Mid-Term investment with a projected -8.22% first-year return on $164k initial cash invested.
-8.22%
Cash On Cash
4.73%
Cap Rate
0.75
DSCR
$4,653
Rent
-$1,123
Cashflow
Cash Flow
$4,653 income − $5,776 expenses = $1,123 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,950
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,653
Total Expenses
$5,776
Mortgage P&I
79%
$3,679
Property Taxes
6%
$272
Home Insurance
5%
$243
HOA
0%
$0
Property Management
12%
$558
CapEx
4%
$186
Vacancy
3%
$140
Maintenance
4%
$186
Other
11%
$512