This property looks like a bad Mid-Term investment with a projected -5.24% first-year return on $164k initial cash invested.
-5.24%
Cash On Cash
5.67%
Cap Rate
0.87
DSCR
$5,654
Rent
-$716
Cashflow
Cash Flow
$5,654 income − $6,370 expenses = $716 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,947
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,654
Total Expenses
$6,370
Mortgage P&I
67%
$3,775
Property Taxes
8%
$428
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$678
CapEx
4%
$226
Vacancy
3%
$170
Maintenance
4%
$226
Other
11%
$622