This property looks like a bad Mid-Term investment with a projected -7.33% first-year return on $165k initial cash invested.
-7.33%
Cash On Cash
5.24%
Cap Rate
0.79
DSCR
$5,452
Rent
-$1,008
Cashflow
Cash Flow
$5,452 income − $6,460 expenses = $1,008 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,452
Total Expenses
$6,460
Mortgage P&I
71%
$3,846
Property Taxes
9%
$515
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$654
CapEx
4%
$218
Vacancy
3%
$164
Maintenance
4%
$218
Other
11%
$600