This property looks like a bad Mid-Term investment with a projected -6.02% first-year return on $164k initial cash invested.
-6.02%
Cash On Cash
5.51%
Cap Rate
0.85
DSCR
$6,174
Rent
-$823
Cashflow
Cash Flow
$6,174 income − $6,997 expenses = $823 out of pocket
Investment Breakdown
|
Purchase Price
$696k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,956
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,174
Total Expenses
$6,997
Mortgage P&I
61%
$3,768
Property Taxes
14%
$887
Home Insurance
4%
$243
HOA
0%
$0
Property Management
12%
$741
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$679