This property looks like a bad Mid-Term investment with a projected -9.51% first-year return on $165k initial cash invested.
-9.51%
Cash On Cash
4.39%
Cap Rate
0.7
DSCR
$5,156
Rent
-$1,309
Cashflow
Cash Flow
$5,156 income − $6,465 expenses = $1,309 out of pocket
Investment Breakdown
|
Purchase Price
$701k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,006
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,156
Total Expenses
$6,465
Mortgage P&I
71%
$3,666
Property Taxes
15%
$770
Home Insurance
5%
$276
HOA
0%
$0
Property Management
12%
$619
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$567