This property looks like a bad Mid-Term investment with a projected -12.02% first-year return on $165k initial cash invested.
-12.02%
Cash On Cash
4.17%
Cap Rate
0.63
DSCR
$5,346
Rent
-$1,653
Cashflow
Cash Flow
$5,346 income − $6,999 expenses = $1,653 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,346
Total Expenses
$6,999
Mortgage P&I
72%
$3,870
Property Taxes
19%
$1,010
Home Insurance
5%
$245
HOA
1%
$56
Property Management
12%
$642
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588