This property looks like a bad Mid-Term investment with a projected -7.38% first-year return on $169k initial cash invested.
-7.38%
Cash On Cash
5.01%
Cap Rate
0.79
DSCR
$5,674
Rent
-$1,038
Cashflow
Cash Flow
$5,674 income − $6,712 expenses = $1,038 out of pocket
Investment Breakdown
|
Purchase Price
$718k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$144k
Closing costs
1%
$7,175
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,674
Total Expenses
$6,712
Mortgage P&I
67%
$3,809
Property Taxes
13%
$717
Home Insurance
5%
$257
HOA
0%
$0
Property Management
12%
$681
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$624