This property looks like a bad Mid-Term investment with a projected -12.56% first-year return on $165k initial cash invested.
-12.56%
Cash On Cash
3.89%
Cap Rate
0.6
DSCR
$4,912
Rent
-$1,725
Cashflow
Cash Flow
$4,912 income − $6,637 expenses = $1,725 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,912
Total Expenses
$6,637
Mortgage P&I
77%
$3,794
Property Taxes
19%
$930
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$589
CapEx
4%
$196
Vacancy
3%
$147
Maintenance
4%
$196
Other
11%
$540