This property looks like a bad Mid-Term investment with a projected -4% first-year return on $167k initial cash invested.
-4%
Cash On Cash
6.26%
Cap Rate
0.93
DSCR
$6,621
Rent
-$555
Cashflow
Cash Flow
$6,621 income − $7,176 expenses = $555 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$141k
Closing costs
1%
$7,073
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,621
Total Expenses
$7,176
Mortgage P&I
60%
$3,977
Property Taxes
10%
$693
Home Insurance
4%
$254
HOA
0%
$0
Property Management
12%
$795
CapEx
4%
$265
Vacancy
3%
$199
Maintenance
4%
$265
Other
11%
$728