This property looks like a bad Mid-Term investment with a projected -12.51% first-year return on $167k initial cash invested.
-12.51%
Cash On Cash
3.9%
Cap Rate
0.6
DSCR
$4,540
Rent
-$1,745
Cashflow
Cash Flow
$4,540 income − $6,285 expenses = $1,745 out of pocket
Investment Breakdown
|
Purchase Price
$711k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,112
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,540
Total Expenses
$6,285
Mortgage P&I
85%
$3,876
Property Taxes
9%
$411
Home Insurance
6%
$254
HOA
4%
$200
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$499