This property looks like a bad Mid-Term investment with a projected -8.98% first-year return on $166k initial cash invested.
-8.98%
Cash On Cash
4.32%
Cap Rate
0.71
DSCR
$5,032
Rent
-$1,244
Cashflow
Cash Flow
$5,032 income − $6,276 expenses = $1,244 out of pocket
Investment Breakdown
|
Purchase Price
$706k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,056
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,032
Total Expenses
$6,276
Mortgage P&I
71%
$3,581
Property Taxes
15%
$734
Home Insurance
5%
$250
HOA
0%
$0
Property Management
12%
$604
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$554