This property looks like a bad Mid-Term investment with a projected -16.49% first-year return on $166k initial cash invested.
-16.49%
Cash On Cash
3.18%
Cap Rate
0.47
DSCR
$4,494
Rent
-$2,282
Cashflow
Cash Flow
$4,494 income − $6,776 expenses = $2,282 out of pocket
Investment Breakdown
|
Purchase Price
$705k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,052
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,494
Total Expenses
$6,776
Mortgage P&I
88%
$3,973
Property Taxes
18%
$820
Home Insurance
10%
$455
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494