This property looks like a bad Mid-Term investment with a projected -17.37% first-year return on $165k initial cash invested.
-17.37%
Cash On Cash
2.54%
Cap Rate
0.4
DSCR
$4,048
Rent
-$2,388
Cashflow
Cash Flow
$4,048 income − $6,436 expenses = $2,388 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,048
Total Expenses
$6,436
Mortgage P&I
92%
$3,709
Property Taxes
27%
$1,106
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445