This property looks like a bad Mid-Term investment with a projected -7.89% first-year return on $167k initial cash invested.
-7.89%
Cash On Cash
4.52%
Cap Rate
0.75
DSCR
$5,142
Rent
-$1,098
Cashflow
Cash Flow
$5,142 income − $6,240 expenses = $1,098 out of pocket
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,100
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,142
Total Expenses
$6,240
Mortgage P&I
69%
$3,567
Property Taxes
13%
$676
Home Insurance
5%
$248
HOA
0%
$0
Property Management
12%
$617
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$566