This property looks like a bad Mid-Term investment with a projected -12.42% first-year return on $165k initial cash invested.
-12.42%
Cash On Cash
3.99%
Cap Rate
0.6
DSCR
$4,131
Rent
-$1,707
Cashflow
Cash Flow
$4,131 income − $5,838 expenses = $1,707 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,131
Total Expenses
$5,838
Mortgage P&I
94%
$3,867
Property Taxes
6%
$251
Home Insurance
6%
$245
HOA
2%
$71
Property Management
12%
$496
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$454