This property looks like a bad Mid-Term investment with a projected -8.2% first-year return on $165k initial cash invested.
-8.2%
Cash On Cash
4.99%
Cap Rate
0.77
DSCR
$6,010
Rent
-$1,125
Cashflow
Cash Flow
$6,010 income − $7,135 expenses = $1,125 out of pocket
Investment Breakdown
|
Purchase Price
$698k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,982
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,010
Total Expenses
$7,135
Mortgage P&I
63%
$3,791
Property Taxes
12%
$697
Home Insurance
4%
$250
HOA
6%
$355
Property Management
12%
$721
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$661