This property looks like a bad Mid-Term investment with a projected -8.53% first-year return on $167k initial cash invested.
-8.53%
Cash On Cash
4.95%
Cap Rate
0.75
DSCR
$5,715
Rent
-$1,187
Cashflow
Cash Flow
$5,715 income − $6,902 expenses = $1,187 out of pocket
Investment Breakdown
|
Purchase Price
$709k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,093
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,715
Total Expenses
$6,902
Mortgage P&I
68%
$3,881
Property Taxes
14%
$779
Home Insurance
5%
$298
HOA
0%
$0
Property Management
12%
$686
CapEx
4%
$229
Vacancy
3%
$171
Maintenance
4%
$229
Other
11%
$629