This property looks like a bad Mid-Term investment with a projected -8.56% first-year return on $167k initial cash invested.
-8.56%
Cash On Cash
4.52%
Cap Rate
0.74
DSCR
$6,430
Rent
-$1,193
Cashflow
Cash Flow
$6,430 income − $7,623 expenses = $1,193 out of pocket
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,103
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,430
Total Expenses
$7,623
Mortgage P&I
56%
$3,609
Property Taxes
24%
$1,548
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$772
CapEx
4%
$257
Vacancy
3%
$193
Maintenance
4%
$257
Other
11%
$707