This property looks like a bad Mid-Term investment with a projected -12.04% first-year return on $168k initial cash invested.
-12.04%
Cash On Cash
3.54%
Cap Rate
0.58
DSCR
$4,020
Rent
-$1,682
Cashflow
Cash Flow
$4,020 income − $5,702 expenses = $1,682 out of pocket
Investment Breakdown
|
Purchase Price
$713k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,129
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,020
Total Expenses
$5,702
Mortgage P&I
90%
$3,627
Property Taxes
12%
$463
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$121
Maintenance
4%
$161
Other
11%
$442