This property looks like a bad Mid-Term investment with a projected -12.42% first-year return on $167k initial cash invested.
-12.42%
Cash On Cash
3.85%
Cap Rate
0.6
DSCR
$4,606
Rent
-$1,733
Cashflow
Cash Flow
$4,606 income − $6,339 expenses = $1,733 out of pocket
Investment Breakdown
|
Purchase Price
$711k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,113
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,606
Total Expenses
$6,339
Mortgage P&I
83%
$3,830
Property Taxes
15%
$677
Home Insurance
6%
$266
HOA
0%
$0
Property Management
12%
$553
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$507