This property looks like a bad Mid-Term investment with a projected -6.94% first-year return on $167k initial cash invested.
-6.94%
Cash On Cash
5.34%
Cap Rate
0.81
DSCR
$6,094
Rent
-$967
Cashflow
Cash Flow
$6,094 income − $7,061 expenses = $967 out of pocket
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$142k
Closing costs
1%
$7,100
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,094
Total Expenses
$7,061
Mortgage P&I
64%
$3,885
Property Taxes
10%
$627
Home Insurance
4%
$248
HOA
4%
$229
Property Management
12%
$731
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$670