This property looks like a bad Mid-Term investment with a projected -8.64% first-year return on $168k initial cash invested.
-8.64%
Cash On Cash
4.92%
Cap Rate
0.75
DSCR
$5,355
Rent
-$1,212
Cashflow
Cash Flow
$5,355 income − $6,567 expenses = $1,212 out of pocket
Investment Breakdown
|
Purchase Price
$716k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,159
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,355
Total Expenses
$6,567
Mortgage P&I
73%
$3,934
Property Taxes
10%
$558
Home Insurance
5%
$254
HOA
0%
$0
Property Management
12%
$643
CapEx
4%
$214
Vacancy
3%
$161
Maintenance
4%
$214
Other
11%
$589