This property looks like a bad Mid-Term investment with a projected -13.44% first-year return on $165k initial cash invested.
-13.44%
Cash On Cash
3.55%
Cap Rate
0.55
DSCR
$4,524
Rent
-$1,852
Cashflow
Cash Flow
$4,524 income − $6,376 expenses = $1,852 out of pocket
Investment Breakdown
|
Purchase Price
$702k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,017
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,524
Total Expenses
$6,376
Mortgage P&I
83%
$3,745
Property Taxes
19%
$852
Home Insurance
5%
$240
HOA
0%
$0
Property Management
12%
$543
CapEx
4%
$181
Vacancy
3%
$136
Maintenance
4%
$181
Other
11%
$498