This property looks like a bad Mid-Term investment with a projected -4.12% first-year return on $167k initial cash invested.
-4.12%
Cash On Cash
5.6%
Cap Rate
0.91
DSCR
$5,642
Rent
-$572
Cashflow
Cash Flow
$5,642 income − $6,214 expenses = $572 out of pocket
Investment Breakdown
|
Purchase Price
$708k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,075
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,642
Total Expenses
$6,214
Mortgage P&I
65%
$3,650
Property Taxes
7%
$395
Home Insurance
4%
$250
HOA
0%
$0
Property Management
12%
$677
CapEx
4%
$226
Vacancy
3%
$169
Maintenance
4%
$226
Other
11%
$621