This property looks like a bad Mid-Term investment with a projected -6.38% first-year return on $165k initial cash invested.
-6.38%
Cash On Cash
5.25%
Cap Rate
0.82
DSCR
$5,066
Rent
-$876
Cashflow
Cash Flow
$5,066 income − $5,942 expenses = $876 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,066
Total Expenses
$5,942
Mortgage P&I
74%
$3,730
Property Taxes
5%
$244
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$608
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$557