This property looks like a bad Mid-Term investment with a projected -4.47% first-year return on $164k initial cash invested.
-4.47%
Cash On Cash
5.76%
Cap Rate
0.91
DSCR
$6,552
Rent
-$610
Cashflow
Cash Flow
$6,552 income − $7,162 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$139k
Closing costs
1%
$6,946
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,552
Total Expenses
$7,162
Mortgage P&I
56%
$3,681
Property Taxes
16%
$1,033
Home Insurance
3%
$220
HOA
0%
$0
Property Management
12%
$786
CapEx
4%
$262
Vacancy
3%
$197
Maintenance
4%
$262
Other
11%
$721