This property looks like a bad Mid-Term investment with a projected -8.53% first-year return on $165k initial cash invested.
-8.53%
Cash On Cash
4.67%
Cap Rate
0.74
DSCR
$5,589
Rent
-$1,171
Cashflow
Cash Flow
$5,589 income − $6,760 expenses = $1,171 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.9%
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
$5,589
Total Expenses
$6,760
Mortgage P&I
66%
$3,666
Property Taxes
17%
$947
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$671
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$615