This property looks like a bad Mid-Term investment with a projected -7.19% first-year return on $165k initial cash invested.
-7.19%
Cash On Cash
5.19%
Cap Rate
0.8
DSCR
$5,310
Rent
-$988
Cashflow
Cash Flow
$5,310 income − $6,298 expenses = $988 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$7,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,310
Total Expenses
$6,298
Mortgage P&I
72%
$3,801
Property Taxes
8%
$448
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$637
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$584