This property looks like a bad Mid-Term investment with a projected -0.96% first-year return on $168k initial cash invested.
-0.96%
Cash On Cash
6.59%
Cap Rate
1.04
DSCR
$6,855
Rent
-$134
Cashflow
Cash Flow
$6,855 income − $6,989 expenses = $134 out of pocket
Investment Breakdown
|
Purchase Price
$713k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,128
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,855
Total Expenses
$6,989
Mortgage P&I
55%
$3,776
Property Taxes
9%
$626
Home Insurance
4%
$256
HOA
0%
$0
Property Management
12%
$823
CapEx
4%
$274
Vacancy
3%
$206
Maintenance
4%
$274
Other
11%
$754