This property looks like a bad Mid-Term investment with a projected -0.98% first-year return on $166k initial cash invested.
-0.98%
Cash On Cash
6.58%
Cap Rate
1.04
DSCR
$6,812
Rent
-$136
Cashflow
Cash Flow
$6,812 income − $6,948 expenses = $136 out of pocket
Investment Breakdown
|
Purchase Price
$705k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$141k
Closing costs
1%
$7,047
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,812
Total Expenses
$6,948
Mortgage P&I
55%
$3,727
Property Taxes
6%
$384
Home Insurance
4%
$298
HOA
3%
$225
Property Management
12%
$817
CapEx
4%
$272
Vacancy
3%
$204
Maintenance
4%
$272
Other
11%
$749