This property looks like a bad Mid-Term investment with a projected -13.8% first-year return on $168k initial cash invested.
-13.8%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$5,176
Rent
-$1,931
Cashflow
Cash Flow
$5,176 income − $7,107 expenses = $1,931 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,136
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,176
Total Expenses
$7,107
Mortgage P&I
75%
$3,874
Property Taxes
17%
$875
Home Insurance
5%
$245
HOA
7%
$354
Property Management
12%
$621
CapEx
4%
$207
Vacancy
3%
$155
Maintenance
4%
$207
Other
11%
$569