This property looks like a bad Mid-Term investment with a projected -4.12% first-year return on $164k initial cash invested.
-4.12%
Cash On Cash
5.47%
Cap Rate
0.9
DSCR
$5,468
Rent
-$562
Cashflow
Cash Flow
$5,468 income − $6,030 expenses = $562 out of pocket
Investment Breakdown
|
Purchase Price
$694k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,939
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,468
Total Expenses
$6,030
Mortgage P&I
64%
$3,508
Property Taxes
8%
$418
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$656
CapEx
4%
$219
Vacancy
3%
$164
Maintenance
4%
$219
Other
11%
$601