This property looks like a bad Mid-Term investment with a projected -7.5% first-year return on $165k initial cash invested.
-7.5%
Cash On Cash
5.2%
Cap Rate
0.79
DSCR
$5,392
Rent
-$1,031
Cashflow
Cash Flow
$5,392 income − $6,423 expenses = $1,031 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%
$7,000
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,392
Total Expenses
$6,423
Mortgage P&I
71%
$3,848
Property Taxes
9%
$496
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$647
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$593