This property looks like a bad Mid-Term investment with a projected -13.13% first-year return on $165k initial cash invested.
-13.13%
Cash On Cash
3.51%
Cap Rate
0.56
DSCR
$4,298
Rent
-$1,806
Cashflow
Cash Flow
$4,298 income − $6,104 expenses = $1,806 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.9%
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
$4,298
Total Expenses
$6,104
Mortgage P&I
86%
$3,683
Property Taxes
17%
$714
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473