This property looks like a bad Mid-Term investment with a projected -12.72% first-year return on $165k initial cash invested.
-12.72%
Cash On Cash
4.13%
Cap Rate
0.6
DSCR
$4,359
Rent
-$1,747
Cashflow
Cash Flow
$4,359 income − $6,106 expenses = $1,747 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,359
Total Expenses
$6,106
Mortgage P&I
91%
$3,976
Property Taxes
9%
$404
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$523
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479