This property looks like a bad Mid-Term investment with a projected -6.78% first-year return on $166k initial cash invested.
-6.78%
Cash On Cash
5.13%
Cap Rate
0.8
DSCR
$5,148
Rent
-$937
Cashflow
Cash Flow
$5,148 income − $6,085 expenses = $937 out of pocket
Investment Breakdown
|
Purchase Price
$704k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,043
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,148
Total Expenses
$6,085
Mortgage P&I
73%
$3,741
Property Taxes
6%
$290
Home Insurance
5%
$262
HOA
1%
$42
Property Management
12%
$618
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$566