This property looks like a bad Mid-Term investment with a projected -5.31% first-year return on $164k initial cash invested.
-5.31%
Cash On Cash
5.26%
Cap Rate
0.86
DSCR
$5,968
Rent
-$728
Cashflow
Cash Flow
$5,968 income − $6,696 expenses = $728 out of pocket
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,973
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,968
Total Expenses
$6,696
Mortgage P&I
59%
$3,543
Property Taxes
15%
$892
Home Insurance
4%
$232
HOA
0%
$0
Property Management
12%
$716
CapEx
4%
$239
Vacancy
3%
$179
Maintenance
4%
$239
Other
11%
$656