This property looks like a bad Mid-Term investment with a projected -6.64% first-year return on $164k initial cash invested.
-6.64%
Cash On Cash
5.16%
Cap Rate
0.81
DSCR
$5,432
Rent
-$910
Cashflow
Cash Flow
$5,432 income − $6,342 expenses = $910 out of pocket
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,972
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,432
Total Expenses
$6,342
Mortgage P&I
68%
$3,690
Property Taxes
10%
$560
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$652
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$598