This property looks like a bad Mid-Term investment with a projected -9.74% first-year return on $166k initial cash invested.
-9.74%
Cash On Cash
4.79%
Cap Rate
0.71
DSCR
$5,494
Rent
-$1,350
Cashflow
Cash Flow
$5,494 income − $6,844 expenses = $1,350 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,065
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,494
Total Expenses
$6,844
Mortgage P&I
72%
$3,952
Property Taxes
14%
$779
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$659
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$604