This property looks like a bad Mid-Term investment with a projected -6.36% first-year return on $165k initial cash invested.
-6.36%
Cash On Cash
5.35%
Cap Rate
0.83
DSCR
$5,632
Rent
-$873
Cashflow
Cash Flow
$5,632 income − $6,505 expenses = $873 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,991
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,632
Total Expenses
$6,505
Mortgage P&I
67%
$3,763
Property Taxes
10%
$565
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$676
CapEx
4%
$225
Vacancy
3%
$169
Maintenance
4%
$225
Other
11%
$620