This property looks like a bad Mid-Term investment with a projected -5.11% first-year return on $165k initial cash invested.
-5.11%
Cash On Cash
5.21%
Cap Rate
0.87
DSCR
$5,726
Rent
-$701
Cashflow
Cash Flow
$5,726 income − $6,427 expenses = $701 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$140k
Closing costs
1%
$6,986
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,726
Total Expenses
$6,427
Mortgage P&I
61%
$3,504
Property Taxes
11%
$621
Home Insurance
4%
$245
HOA
2%
$110
Property Management
12%
$687
CapEx
4%
$229
Vacancy
3%
$172
Maintenance
4%
$229
Other
11%
$630