This property looks like a bad Mid-Term investment with a projected -12.68% first-year return on $168k initial cash invested.
-12.68%
Cash On Cash
3.46%
Cap Rate
0.57
DSCR
$4,716
Rent
-$1,775
Cashflow
Cash Flow
$4,716 income − $6,491 expenses = $1,775 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,139
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,716
Total Expenses
$6,491
Mortgage P&I
77%
$3,646
Property Taxes
21%
$996
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$141
Maintenance
4%
$189
Other
11%
$519