This property looks like a bad Mid-Term investment with a projected -2.44% first-year return on $164k initial cash invested.
-2.44%
Cash On Cash
6.03%
Cap Rate
0.97
DSCR
$6,080
Rent
-$334
Cashflow
Cash Flow
$6,080 income − $6,414 expenses = $334 out of pocket
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,970
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,080
Total Expenses
$6,414
Mortgage P&I
59%
$3,596
Property Taxes
8%
$506
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$730
CapEx
4%
$243
Vacancy
3%
$182
Maintenance
4%
$243
Other
11%
$669