This property looks like a bad Mid-Term investment with a projected -5.99% first-year return on $167k initial cash invested.
-5.99%
Cash On Cash
5.05%
Cap Rate
0.83
DSCR
$5,601
Rent
-$836
Cashflow
Cash Flow
$5,601 income − $6,437 expenses = $836 out of pocket
Investment Breakdown
|
Purchase Price
$711k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,112
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,601
Total Expenses
$6,437
Mortgage P&I
64%
$3,604
Property Taxes
12%
$673
Home Insurance
5%
$256
HOA
0%
$0
Property Management
12%
$672
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$616