This property looks like a bad Mid-Term investment with a projected -4.66% first-year return on $168k initial cash invested.
-4.66%
Cash On Cash
5.83%
Cap Rate
0.9
DSCR
$6,351
Rent
-$652
Cashflow
Cash Flow
$6,351 income − $7,003 expenses = $652 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$143k
Closing costs
1%
$7,136
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,351
Total Expenses
$7,003
Mortgage P&I
61%
$3,864
Property Taxes
11%
$725
Home Insurance
4%
$254
HOA
0%
$0
Property Management
12%
$762
CapEx
4%
$254
Vacancy
3%
$191
Maintenance
4%
$254
Other
11%
$699