This property looks like a bad Mid-Term investment with a projected -9.58% first-year return on $166k initial cash invested.
-9.58%
Cash On Cash
4.49%
Cap Rate
0.7
DSCR
$4,936
Rent
-$1,329
Cashflow
Cash Flow
$4,936 income − $6,265 expenses = $1,329 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,066
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,936
Total Expenses
$6,265
Mortgage P&I
77%
$3,776
Property Taxes
11%
$567
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$592
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$543